Katy Sparkes - Last updated 21 October 2022
ADVERTORIAL
DID YOU KNOW: Brits Can Now Secure A Will From The Comfort Of Their Home
Millions of Brits put themselves at risk by failing to plan for their assets
Two-thirds of UK adults still don't have a will. Nor do 70% of those with children under 18. It's a startling sum - and a completely unnecessary risk to take.
It's a shocking statistic, but around 27 million adults in the UK have failed to prepare a will
Why should everyone have a will?
A will, sometimes known as your last will and testament, is a legally-binding document. It contains a tailored set of instructions that detail who you want to inherit your estates and what should occur after you die.
Often, a will acts to ease a burden and remove obstructions. It includes funeral arrangements, and distribution of possessions alongside other wishes, like who should bring up your children or care for your pets.
Why planning ahead is paramount
Ever heard the phrase, all good things must come to an end? Well, that doesn't have to always be the case. While it may feel dire to consider getting your affairs in order, preparing your will ensures your life's work and commitments continue on in a way that best represents your interests and values.
The benefits of preparing a will:
Rather than letting the law decide, you can specify exactly who your benefactors are. Meaning you can divide up your inheritance in whatever way that suits you.
Nominate your children's guardians, especially for those under 18.
State who your trusted executors are to ensure your will is adhered to.
Provide clarity on where your possessions will go.
Preparing a will may reduce your inheritance tax and allows you to maintain control over your finances over the government.
It's possible to write a combined will for you and your partner. Not only does this align your wishes with each other, but it's also possible to get excellent discounts.
Provides you with the means to donate to charity.
Invest now and save money. A will is a flexible one-off cost that can save you thousands in the future.
"...the cost of having a will drawn up is tiny when you consider the stress it avoids."
Unconventional circumstances?
Specific situations may require you to seek Lasting Power of Attorney (LPA). Such as a critical case like facing the possibility of losing mental capacity or control. Without an LPA, your finances and assets could be handed over to an external deputy to manage, which can be difficult for the family and is usually costly. An LPA will safeguard that someone you trust will be in charge of your collective assets.
You could alternatively invest in a Living Trust, which might make the exchange of assets more efficient.
Similar to a will, a Living Trust protects your assets and distributes them to those of your choosing. Where it might outrival a will is that a Living Trust is more comprehensive and can bypass court, legal time, and the costs they incur after you pass away.
Need A Professional Will? Get A Free Quote From the Comfort of Your Home - Click Your Birth Year Below!
How Can I Get a Quote?
As with any industry, it pays to shop around for the best deals on will-writing. Quote My Money lets you compare will writers in your area with just a few quick questions, so you can put yourself in control of your assets today.
Click your chosen location on the map below to get your **FREE** quote.
Once you answer a few simple questions, compare quotes near you to find the best deal.
Quote My Money online quote comparison tool makes it easy to see what you could save on will-writing and provides you with a quick quote.
Eager to make a start on preparing your will? Click HERE to get started.
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