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Do I need a Will?
The vast majority of people put off making a Will for a veriety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don't think it is relevant to them at this particular time.
The reality is that you can put off making a Will until it is too late and this poses all sorts of problems for the people left behind and could mean that some or all of your inheritance either goes to the wrong person or to the state.
Without a Will
You cannot be sure that thos you wish to benefit will actually do so.
Your Spouse/civil partner may not automatically inherit ALL of your estate.
'Common Law' partners will not receive anything.
Minor children would be taken into care whilst Guardians are appointed.
There could be lengthy delays for your beneficiaries and disputes.
Who needs to make a Will?
The answer is everyone. In particular, anyone with dependant relatives (children under the age of 18, elderly relatives or relatives with a disability who have special needs) and anyone who owns property or has any type of asset which you would wish relatives, friends or charities to benifit from.
But won't everything go to my husband/wife/civil partner/children etc. automatically?
This is a common misconception and dependent on the size of your estate. There are set rules which will be applied to determing who inherits and how much if you do not make a Will.
So what happens if I don't make a Will
This is called having died intestate. There are specific rules of intestacy which set out who will inherit and by how much, if you do not leave a valid Will. This may not be what you would have wished and in the worst case scenarios where relatives cannot be traced, your assets will be taken by the Crown.