Writing a Will is essential to ensuring that your assets – your property, possessions and money – are distributed in the manner you wish after you have passed away.
As a legal document, your will is binding and serves to remove any ambiguity of how you want your possessions to be shared amongst your family and loved ones. Writing a will is particularly important if you have a young family because it enables you to nominate legal guardians for your children if you pass away.
If you die without writing a will, then the law determines who inherits what, and if applicable, who will look after your children, regardless of what you want. It can be quite a complex process, but writing a will can eliminate this intricacy, ensuring that your wishes will be carried out to the letter after your death. After all, no one really knows how you want your money, home, and any sentimental items you’ve accrued over the years distributed. So, writing a will means this responsibility doesn’t lie with anyone other than yourself.
Before your will is considered legally valid, it must explain exactly how your possessions, assets and money should be divided when you die. Your Will must have been written when you were able to make your own informed decisions; and is required to be written in the presence of two witnesses not set to inherit from you, who must then sign it.
Capital Life offers a free Inheritance Planning review service as part of their prepaid funeral plan service, to give you the peace of mind that both your funeral plans will be sorted, and that your assets will be distributed fairly and how you would have wanted.
Capital Life has a number of funeral plans to suit all budgets and preferences. If you’d like to talk to us about a Funeral Plan or arranging a free Inheritance Planning review, contact us now or call 0800 411 8683 and one of our friendly advisors will be happy to help.
You can also ask us about Inheritance Planning, Probate and LPAs, our experts are happy to help.