Why you need to write a will

Reasons to write a will regardless of your age…

  • In case you suddenly die unexpectedly
  • A will makes it easier for your friends and family to sort everything out when you are no longer around
  • A will can help reduce the amount of inheritance tax that might be payable (normally applicable to property and money)
  • You can explain what you would like to happen to you after you die i.e. buried/cremated etc.

Implications of not writing a will…

  • If you don’t write a will, the law decides how your estate is passed on and divided up and this may not be what you wish for.
  • It can be costly for your friends and family i.e. inheritance tax.

Info sourced from the Government website, click to find out more.