When Should You Make A Will North Wales?
It is very important to write a will with the help of a will solicitor North Wales. Why? Because unless you specify in a will who to leave your belongings to, it is not necessary guaranteed that you loved one/ones will get your belongings when you die- which can cause a world of issues with those you leave behind.
It is quite surprising in this day and age the amount of people that do not write a will. Not doing so of course can call to mind stories of those who have had their estate fall into the hands of people which deserve the inheritance much less than other members of the family, and of course there are even a few tales of in complicated situations, an estate being dissolved simply to divide it into pieces a little more easily.
When you die ad you do not leave a will, it is up to the courts to decide how best to treat the situation. Although the courts of course do attempt to do a fair job, the fact that they are not personally involved with the deceased sometimes means that the decisions made are not the ones which should be made for the best.
When situations happen according to this, the situation those that are left behind are left with tends to cause additional grief for loved ones of the person who passed on, and can also cause many rifts and even break many families apart.
Many people believe that if you are married, the estate automatically gets passed on to the spouse, however this is a misconception- and in fact it actually depends on the size of the estate, and also brothers, sisters and parents may make a claim.
Anyone who is not married and living with their partner will not automatically benefit from their partners estates unless specified in a will, also only legally adopted children are classified as sons and daughters, step children need to be protected and named in a will to inherit anything.
When should you make a Will?
Everyone should have a will. This cannot be understated, but there are points of your life of which you should sincerely look into creating one. They are as follows.
- When you get married or enter into a civil partnership
- When you get divorced or your civil partnership comes to an end you should renew your will
- When you separate from your partner, spouse, civil partner but are not yet divorced, you should specify in a will who you wish to benefit from you estate
- If you have children under the age of 18 (16 in Scotland) it is a good idea to specify certain people as guardians
- You may wish to appoint executors to administer your estate when you die
- It is a good idea to structure your will to reduce your inheritance tax liability