Saturday, July 17

Why Write a Will?

Writing a will is something you should think about when you are close to retirement age, right? Well, actually it is something you should really think about at any major point in your life. Whether you are in your 20s or your 80s, having a will can ensure that any assets you own will be left to the right people. Although not all wills are foolproof – they can be challenged – this can be a complicated process so check out tipson when to contest a will before you proceed. Below are just a few reasons why you should write a will.

·           Do you own your own house?

If you own property, then who do you want to inherit it when you die? If you are unmarried and cohabitating then you might wish your partner to inherit the property – however this cannot happen under the current laws. Property is probably the most expensive asset you will ever own, and it is important that you consider who should inherit this, should something happen to you.

·           Do you have children?

Having a will can allow you to stipulate who you would like to care for your children, should something happen to you and your partner. Appointing a guardian, and stating this in your will can prevent the courts becoming involved, and you will be safe in the knowledge that your child will be cared for.

·           Is there high risk of death in your current job?

As the times move on, people participate in jobs where risk of death is higher than your average desk job. Occupations like firefighter or working in the armed forces will put your life at significant risk, and it is therefore imperative that you know you have provided for your loved ones in the untimely event of your death.

These are just some reasons why we should all consider writing a will, even at a younger age than we envisaged. Having a will doesn’t make everything perfect though, as mentioned above, a will can be contested. However specialists like can be contacted to help with any problems that may arise.

No comments:

Post a Comment

Let's talk over a cup of coffee.