Talking about wills isn’t the most exciting topic. In fact it verges on morbid. But it is so important that the assets you spent your life working on go to your loved ones. Writing a will is the only way to do this.
You don’t have to be a millionaire to write a will, and you definitely shouldn’t feel silly for doing it. A relative will appreciate anything, whether it be an object to remind them of you, or even a small sum of money.
Having a will means you are certain that you are providing and helping your family, even when you’re no longer around. This will put you at ease. Whether you’re 30 or 90, a will can secure your family’s future.
If someone dies without a legal will, the estate and belongings go to probate. This can often cost more money than creating one in the first instant and it is money that your family and friends will have to fork out. It also means your assets are no longer within your control and can be passed on to any family member. So save them the trouble, and write your will for them.
Your will is also a way for you to specify who owns what. It is your choice and allows you to request which assets go to who. Without one, families are uncertain about who owns what and arguments can begin. Writing a will puts you in control.
A Deed of Variation can save you Inheritance Tax and should be considered. Thelawhouse.com has plenty of information on the subject to avoid confusion and give advice.
Pets can often be overlooked in wills, and should be left enough money so a carer can look after them. Or, you can give your pet to a relative and know that they will be cared for properly.
The infographic shows the richest animals in the world, thanks to their adoring owners.