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10 Reasons to Write Your Will
Having a will in place is a very important step you need to take in order to make sure your assets are distributed the way you want them to be. A will gives you control, even when you are no longer around.
So, here are ten reasons why you need a will:
1.) Reduce Inheritance Tax.
2.) Protect your children's inheritance if you die first and your spouse or partners marries again.
3.) Protect your children's inheritance if you are in a second marriage or relationship and die before your spouse or partner.
4.)Protect your assets from the Community Care Act which can force the sale of the family home.
5.) Clearly identify your main beneficiaries and reserve beneficiaries. This is especially important when you are not married to your partner.
6.) You can name the best people you know to act as guardians to your children.
7.) Specify legacies of gift items or cash to individual friends, family members or charities.
8.) You can name the best people you know to act as executors and carry out your will instructions.
9.) Specify funeral wishes.
10.) Minimise delay in the distribution of your estate to your family and other beneficiaries.
Here are ten of the most important reasons why you should have a will in place.
When you get your will you want it done correctly, which is why getting a professional service is often the best way. Simon McMonagle at Interwill Inheritance Solutions will handle everything. It is a start to finish service that gives you peace of mind knowing it done correctly.