04 November 2019

Is it time to make your will?

3 min read

 

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Having an up-to-date will is a sure sign of good money management which is why we’ve just published a new guide on how to do this.

Dying without one can have unintended consequences – your money may not go to the people you want it to and that can cause financial difficulties for those you leave behind.  For example, unmarried couples won’t inherit anything from each other unless they have a will or own assets jointly in a particular way, known as joint tenants.  Even married couples won’t necessarily inherit everything from each other – it depends what other relatives are alive.

If you don’t have a will or haven’t updated yours for a while, now could be the perfect time to do it. Will Aid month takes place in November when participating solicitors agree to write basic wills without charging their usual fee.  Instead you’ll be asked to make a voluntary donation to Will Aid  - they suggest £100 for a single basic Will - which supports nine well-known charities. 

If you’re still unsure about whether making a will is something you should do and would like more information on what happens without a will and where to go to get your will written, our new money guide, Making a will, is here to help. You can download a free copy from royallondon.com/moneyguides where you’ll also find our full range of guides covering: 

  • Budgeting
  • Debt
  • How to cut your bills
  • State benefits
  • Retirement
  • Making a will
  • Power of Attorney
  • When someone dies
  • Separation or divorce
  • Becoming a carer
  • Losing your job
  • When someone is ill