Wills & Mirror Wills
Do I Need a Will?
A huge chunk of the population does not have a Will. Some believe that because they have taken out life insurance that those they wish to inherit will do so automatically. However a Will is completely different to life insurance. Some believe they are too young to think about a Will and this is only something you should do once you are married with a house and have children that have grown up to a certain age.
It may not be something you want to think about but as soon as you have an estate then you need to make sure that your inheritance goes to the correct people. For this to happen you need a Will. If you do not have one, then this could mean that your inheritance goes to the wrong people – perhaps a blood related family member rather than your spouse or it could even go to the state.
Who Can Make a Will?
Anyone can make a Will. If you have dependent relatives such as children under the age of 18, relatives with disabilities or elderly relatives then you can leave your assets to these relatives in your Will. If you own a property or any other type of asset then your Will lets you choose who your assets go to such as relatives, friends or charities. If you wish to do so assets can be split between those you choose.
If you and your spouse or partner have very similar wishes for your estate and your joint assets, then you can choose a Mirror Will. These are two legal documents that are almost identical to each other. The only information that is different is the name of the person and perhaps their funeral wishes.
Dying Without a Will
If you do not make a Will then this is a dying intestacy which means that the State will determine who will benefit from your estate and your assets. If this happens then there is a risk that your assets are not passed on to those you wished them to go to. In some cases where relatives cannot be successfully traced your estate will be taken by the State.
How Do I Make a Will?
You can make a Will or Mirror Will with Willsight Legal Services, Northampton. Get in contact with us today or request a call back to discuss further. You can meet with us in our Northampton Office or we can arrange to visit you in the comfort of your own home where we can access your current situation and let you know which assets you can protect.
Give Yourself Peace of Mind
Putting together a Will with Willsight Legal Services provides you with the peace of mind in knowing what will happen to your estate and making sure that it will benefit those that you want it to. A Will can also help avoid any disputes between relatives in who gets what.