As time goes by, we seldom bother to think too much about certain issues, and sometimes these issues can be of a major importance to loved ones, family and friends. But, every single day we see or hear of people experiencing the devastating effects of losing someone unexpectedly, which is then made even more difficult by the deceased not having a will in place. Let’s take a look at a number of things to bear in mind and think about, if you don’t yet have a will professionallyprepared:
- Whois going to inherit what? If you don’t have a will prepared it will mean that the government will then decide who will, and won’t inherit your assets based on the Law of Intestacy. Most good people really wouldn’t want to leave their estate to somebody, we have not chosen.
- Guardianship of children- Appointment of a legal guardian is a vitally important decision to be made, and without the benefits of a will, the authorities can designate a legal guardian to take care of your children in the event of your passing. This then means that they could end up with people you would not have chosen to care for them, and could definitely cause much distress to the children involved, and other members of the family, who may have been expecting to take care of them. This is a daily occurrence and to be seriously avoided.
- Inheritance Tax- Who wants to pay any more than they do already to the taxman. With a will already drawn up and in place, you can choose to reduce the amount of inheritance tax you pay, if not completely eliminating it altogether.
- Funeral Arrangements- Without a will, the cost of arranging a funeral will be passed onto perhaps a family member or friends to pay for in advance. This may then be claimed back from the estate if there is enough money left in it, otherwise the friend or relative may not be able to recoverany costs.
- Charity donations- If you had any desire to leave any finances to a charity or organisation, this will not be possible because there is nothing in place to specify your desires.
There are other reasons why you should professionally prepare a will rather than leaving everything to chance, and above are a few of the basics. There are options out there, whereas you can simply write your own will quickly and cheaply, but let’s look at the benefits of using the experts:
Experience and Skill
It is recommended that you use professional services, and as has been seen countless times in the past, that even the smallest error when dealing with such matters, can createutter confusion and end up in costly legal battles, and who wants that? For ,make sure to use a qualified and experienced service, who can arrange with you for a free home visit. This personal service makes things just that little bit more cordial and welcoming.
Peace of Mind
If you are thinking for the very best for your family, relatives and friends, when the time,eventually arrives, do yourself a favour and get things in order before they happen. The peace of mind which comes from doing so, will remove a lot of concern regarding all such matters.