WRITING YOUR WILL L
ike many busy families, you find yourself struggling to squeeze in a full-time career between family meals, supermarket trips, after-school clubs and hospital trips. Writing a will is probably the last thing on your mind. There is always going to be something more pleasant to think about. If you still have not quite got round to it, don’t worry – you’re certainly not alone. It’s estimated that nearly two-thirds of UK adults don’t have any form of will at all, including 42% of the over 55s. It is also estimated that about 1.5 million people who have gone to the trouble of writing one, may be completely unaware that it’s now invalid because they recently got married, for example. What people don’t realise, is that having a will in place could actually be one of the quickest and easiest ways to protect your family, secure your assets and ensure peace of mind for everyone. And the sooner you get your wishes in writing the better. After all, we never know what tomorrow will bring. That’s why the experts will always advise you to secure what you have today – and review it as things change further down the road. The good news is, writing your will doesn’t have to be complicated or take lots of time. With the right advice, it can be quick, simple and very cost-effective.
There are plenty of reasons to get started as soon as you can. Here are our top five: 1. IF YOU DON’T DECIDE WHO GETS WHAT, THE GOVERNMENT WILL Unless you clearly state how you want your assets to be distributed among your partner, children and family members, there are no guarantees. The generic government rules stating which family members inherit the assets will be followed. The only way to make sure you have your say is to put it in writing. 2. YOU CAN MINIMISE STRESS, COSTS AND LEGAL CHALLENGES The last thing your loved ones need at such a difficult time is extra complications. Providing a written will not only simplify the whole legal process, but it is also often a good way to save inheritance tax. Remember, to make sure it’s valid, you will need to date and sign and countersign the document in the presence of two witnesses.
guardianship of your children in the event of your death. 4. GETTING MARRIED, DIVORCED, SEPARATED OR COHABITING CHANGES EVERYTHING
Adjoa Djan-Krofa, Principal Solicitor and a member of Laptops and Lipstick
any people do not M realise that a change in marital status can affect any previous will and testament. Your current partner may not have automatic rights over your assets in the event of your death, and your ex may not be as far out of the picture as you think. The laws surrounding marital rights and inheritance are complex so, if you are in any doubt, it is best to get legal advice.
5. YOU NEVER KNOW WHAT’S AROUND THE CORNER As long as you are over 18, writing your will might be the best thing you do today to protect your loved ones from the unknown. You can secure your house, car, investments, family jewellery and even digital assets such as Facebook, PayPal and so on. And you can update or change your will as many times as you like. Always seek professional advice. So before you set off for the beach or go on your next holiday, protect your family. For many people, writing a will can be simple and straightforward – so there is no reason to put it off. We will be delighted to help you find your way if your situation is a bit of a minefield, or just want reassurance that what you have drafted is fair and not open to misinterpretation, we are here to help. Just get in touch. Call us at 020 84681032 or email firstname.lastname@example.org. Pishon Gold are proud supporters of The Chartwell Cancer Trust. If you are thinking of leaving a gift to support the work of this charity, we are pleased to offer a 10% on our standard will writing service.
For more information contact Pishon Gold Solicitors LB of Bromley on 0208 468 1032 or email email@example.com
3. CHILDREN AND DEPENDENTS NEED TO BE TAKEN CARE OF Anyone who has children under 18 definitely needs to make sure there’s a will in place – just in case. As a minimum, you may want to state who should have legal
The C&K FUNdraising Magazine Issue 29 – 2019