Why make a Will?
A Will is the only way to guarantee your wishes and ensure that family members benefit from your estate.
Otherwise, inheritance is governed by legal rules called “intestacy” – a strict order of who can inherit. This may benefit people you don’t want to benefit, or leave out someone you do.
Intestacy says that if you’re in a couple but not married, your cohabiting partner will get nothing.
Even if you’re married and have children, some of your assets could go to them instead of your spouse. The problem is, they can only inherit at the age of 18. Until then, the money would automatically be stuck in a trust.
Also, if you don’t make a Will, you cannot:
- Appoint guardians for minor children
- Prevent “sideways disinheritance” if your spouse remarries
- Minimise inheritance tax
Call 0117 440 1230 and I can tell you more, or visit www.bristolwills.com to download informative factsheets.
