According to recent survey of 2259 people by Will Aid, 47% of respondents had not made a Will, with those living in Wales and aged 45-54 being the biggest culprits. So what is putting people off?
From the same survey, of those people who had not made a Will, when asked why they didn’t have one 51.6% responded to say they just hadn’t got around to it, almost one fifth (16%) thought they were too young to make a Will and around 12.4% either thought it was unnecessary or they didn’t want to think about it.
These figures are a little worrying, yet they are understandable. Death is not exactly a subject of choice and many people believe that they don’t have anything of value to leave any relatives and are almost carefree of what happens to it in the event of their passing.
The reality of the situation is that once it is done, you can relax. You can forget about it in the same way as you would have done if you were not considering making the Will in the first place – except this time you are free from that nagging feeling that you ought to be doing something about making a Will!
What’s more, it makes your wishes and intentions clear and this is especially important if you have children or you own property. To put off making a Will until you are old or ill could be leaving it too late to do the best you can for those you care about.
If you are considering making a Will, then why not contact the Wills and Probate team at Verisona Law, who would be happy to help you with your case.
- Will drafting
- Review of existing Wills
- Advice re provision for children, second families, spouses and civil partners, unmarried partners and other family members
- Advice re charitable gifts
- Advice re foreign and business assets
- Advice re Will trusts
- Inheritance Tax advice.
- Advice re Trust creation and ongoing management
- Preparation of trust deeds and other trust documentation
- Declarations of Trust
- Termination of trusts.
Probate and Administration of Estates
- Advice re the terms of the Will or intestacy rules where there is no Will
- Obtaining values for the various assets and liabilities in the estate, notifying the various institutions and obtaining all necessary estate information
- Obtaining a grant of probate or letters of administration as appropriate
- Dealing with and advice re Inheritance Tax, Capital Gains Tax and Income Tax, liaising with HMRC
- Notifying and liaising with the beneficiaries of the estate
- Preparing a deed of variation or a deed of disclaimer in relation to the estate
- Selling or transferring the various assets due to the beneficiaries
- Dealing with foreign assets and Wills
- Advice re estate disputes and claims against an estate