Hegarty Solicitors answers your question: Do I really need a will?
Every week, Hegarty Solicitors, which has branches in Stamford and Oakham, answers your legal questions.
This week, you're asking: 'Do I really need a will?'
And the answer from Andrea Beesley-Hewitt at Hegarty Solicitors?
If the coronavirus outbreak has taught us nothing else, it is a good reminder that none of us know what is around the corner and events can take us all by surprise. For this reason, you should consider making a will or updating your will if it is over 10 years old.
Here are some of the main reasons to make a will and almost everyone will have at least one reason.
- To check your inheritance tax position to ensure that you won’t unnecessarily burden your loved ones with tax. As standard at Hegarty Solicitors we review your position when we draft wills and can offer advice to avoid paying unnecessary tax.
- To give the power of looking after your estate to those you trust.
- To provide differently to the Intestacy rules. The law dictates what happens to your money should you die without a will. Do you know what that is? Are you happy with that?
- To protect your estate from care home fees. Believe it or not, your will can be the best way to protect your money from care home fees. This will not work for everyone in all circumstances, but there’s no harm in asking us.
- To protect your children from your partner or spouse remarrying and accidentally (or purposefully!) disinheriting your children.
- To appoint guardians for your minor children.
For more information please contact Andrea Beesley-Hewitt at Hegarty Solicitors on 01780 750952 or email andrea.beesley-hewitt@hegarty.co.uk