A Will is something that most people do not get round to making before the inevitable occurs, thus leaving loved ones with needless panic and the associated problems at a most tragic time. A Will is an essential document that everybody should have but few people know why.
If you die without a Will you are deemed to have died ‘in testate’ and in that event your estate will be distributed according to the ‘Laws of Intestacy.’ This ancient and often inflexible legal process is unlikely to follow your wishes and will certainly delay what can be a very unpleasant process for next of kin.
Without a valid Will, gaining Probate (court approval for estate distribution) can take many months or even years and in the meantime families are often left waiting for what is rightfully theirs – adding further anguish at such a difficult time.
In many instances, where there is no Will, families do not receive their inheritance at all and last year £18 million pounds was lost to The Treasury as a result of unclaimed estates.
Furthermore, where children are involved a Will can be used to appoint Guardians, without which the courts and Social Services will decide for you.
Finally, The Law Society recommends a Will should be regurlarly updated to keep up with current legislation, changes in address and/ or personal circumstances, so a Will health-check with Express Law is always worthwhile.
For further information on Express Law Wills call – 0845 475 3555.
A Will – the most important document you could ever prepare, why leave what happens to your affairs to chance?
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