Without a valid Will, the ‘Laws of Intestacy’ take over, distributing your assets in a standard way that may not reflect your wishes. This can lead to confusion and potential conflict among loved ones.
Your estate will likely go through Probate before heirs can receive their inheritance. A Will designates an Executor to manage this process, ensuring it runs smoothly. Without a Will, the process becomes more bureaucratic and time-consuming.
Inheritance Tax on your estate can also be affected by who inherits. Intestacy laws may result in more of your estate being taxed than if a Will was in place.
For those with young children or vulnerable adults who depend on you, a Will allows you to appoint guardians for their care. Without a Will, the state will make this decision for you.
Making a Will ensures your wishes are honoured and your loved ones are cared for according to your preferences.
Don't wait to start your Will. Contact us today to schedule a consultation with one of our experienced advisors.
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