Your will tells everyone what should happen to your money, possessions and property after you die (all these things together are called your ‘estate’). If you don’t leave a will, the law decides how your estate is passed on – and this may not be in line with your wishes.
It’s easy to make a will - and it will save your family unnecessary distress at an already difficult time
If you don’t have a will when you die, your money, property and possessions will be shared out according to the law instead of your wishes. This can mean they pass to someone you hadn’t intended – or that someone you want to pass things on to ends up with nothing.
Your will tells people two very important things:
You can also use your will to tell people about any other wishes you have, like instructions for your burial or cremation. Your executor will do their best to make sure your wishes are followed, as long as they don’t involve breaking the law.
It might not always be possible to follow your instructions – for example, a person you want to leave something to might die before you do – but if you have a will there’s a better chance of things happening the way you want.
Your will doesn’t have to be on special paper or use a lot of legal language. A document is a valid will as long as it:
If your family is quite small and you want to leave everything to them, making your will is quite easy.
If your situation is more complicated – for example, if you have a second family or you want to leave money and gifts to lots of people – you’ll need to plan more carefully. Either way, don’t put it off – make sure that what you leave behind passes to the people you intended.
Professional Mortgage Services recognise the importance of having a valid will and believe that this is an area that should be left to the specialists who fully understand the processes involved.
What ever your location, if you want to draft a will then we will be happy to put you in touch with our trusted associates who can visit you in your own home and operate throughout the country.