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There are at least six excellent reasons why you should make a Will...

1. You can choose who should inherit your property, your money and your possessions.
Throughout our lives, we all accumulate possessions and usually a certain amount of money and property too. On death, this package of assets is known as an ‘Estate’. If you die without making a Will, the law will decide what happens to your Estate. Arrangements or agreements (for example with family) to share out the Estate after your death have no weight in law and commonly held beliefs that the spouse or common law partner will automatically inherit are simply incorrect and can cause real heartache. A Will is the only way to choose exactly how your Estate should be divided. Making a Will also prevents disagreements or arguments between relatives.

2. You can appoint Guardians for young children.
It is difficult - but essential - to face the possibility that young children could be left without parents to care for them. However, it is even less pleasant to consider the consequences of not making these important plans. Who would you want to look after your children if you were to die? If you do not decide, the local authorities and courts will decide for you. Their idea of the ‘best’ carer for your children may be very different from yours. Be aware too that an unmarried father does not automatically become Guardian to his own children. A professionally drafted Will ensures that your children will be cared for as you choose in the event of your early death.

3. You can even save tax after you die!
Inheritance Tax is the duty payable on what you leave behind when you die. No-one wants to pay more than their fair share to the tax man, so a Will ensures that your Estate is as tax efficient as possible. Saving unnecessary tax leaves more money to be shared as you wish. You may even avoid paying Inheritance Tax altogether.

4. You can establish Trusts to protect young or less able beneficiaries.
Trusts are a helpful way of protecting young or immature heirs; they guard inheritances until the children are old enough to make informed decisions about their money. Trusts also allow you to plan financial security for disabled children.

5. You can plan for the care of family pets or leave money to charity.
Treasured family pets can be provided for in your Will. You can appoint carers or make a legacy to meet their needs. Your Will may also include tax-free bequests to your favourite charities.

6. Do you want to protect the value of your home?
Sadly we hear all too often of cases where the value of a house has been used to pay for residential care fees, leaving nothing for the family. This can have a far more crippling effect on your estate than Inheritance Tax. Any surviving spouse or partner could change their Will, after remarriage, to disinherit your children. Correctly drafting your Will to include property trusts can alleviate these problems and also protect the value of your home for your children.

"Remember! Your Will is one of the most important documents you will ever possess."

Looking after your Will once it has been prepared is vital; we provide a professional Will storage service to ensure that your Will is kept safely for when the time comes. A professionally drafted Will is not expensive
and is the best way to prevent unnecessary stress, despair and family rifts after your death. It gives you and your family invaluable benefits - reassurance, confidence and peace of mind.

The products and services promoted here are not part of the Openwork offering and are offered in our own right. Openwork accept no responsibility for this aspect of our business. Will Writing is not regulated by the Financial Conduct Authority.