Signing a Will is primarily about making the lives of those you leave behind easier and protecting their inheritance. Many people do not fully understand how their estate will be divided if they die without a Will; in fact, the truth can be surprising. Not making a Will is still a choice and it is important that you understand what will happen on your death.
At Timbrell Law, we believe everyone should make a Will because you never know what is lurking around the corner. That said, making a Will should be at the forefront of your mind if:
- You own property.
- You own or have an interest in a business.
- You are cohabiting with a long-term partner.
- You are getting married or remarried.
- You are starting a family or have children under the age of 18.
- You are getting a divorce or have separated.
- You want to make gifts to godchildren, wider family, friends or charity.
- You want to skip a generation and provide for your grandchildren.
- Your estate will have to pay inheritance tax.