Do I need a will?
Getting everything in order with a will
Do you need a will? If you’re not sure, it’s probably best to think about what happens if you don’t have a will.
First of all, what is a will?
A will lets you decide who gets your money and possessions when you die. It’s a legal document and can be made with or without legal advice. Also, with a will you can make sure you don’t pay more Inheritance Tax than you need to.
No will? The law says who gets what.
If you die without a will, it means you have died ‘intestate’. When this happens, the law sets out who should inherit your money and possessions.
This is not always ideal. You may have wishes about where your estate goes, but this may not be how the law divides things up.
When should you write a will?
There are a number of life events that can trigger thoughts about getting your Will in place; perhaps you’ve recently married, bought a house or are expecting a baby. In any case, if you want to get your affairs in order, it’s a good idea to get a will done sooner rather than later.
As no one really knows when they are going to pass away or what they will own at the time, having a professionally drafted will is important. You can find the type of will that suits you best, and you can relax knowing that you’ve got things sorted.
How to get a will done
The Co-Operative Will Writing Service are experts at making wills and can help you work out what best suits you. They have a telephone service that makes getting your will done, quickly and easily.
What is a trust?
If you want to assign someone to look after your estate on behalf of beneficiaries, a trust could be for you.