Most people in this country
do not have a Will.
do not want to think about death.
As a result, when these people die, their wishes may not be carried out
and they are leaving complicated problems for their loved ones to deal
"intestate" (i.e., without a Will) means that a formula is applied to
your estate to say how it will be divided up amongst your family after
your death. The rules may not do what you want and because Parliament
has the power to change the rules at any time, you should not rely on
Under the Rules, it is possible that your spouse may not get everything
when you die. If you are living with someone and are not married to them
your partner may well get nothing at all.
If a husband and wife who have no children die without having made Wills
it is likely that all of the estate may pass to the family to the second
to die with nothing going to the family of the one who dies first. With
a Will it is possible to arrange for the estate to be divided fairly
between the two families.
If you do not make a Will you cannot make any gifts to friends or
charity on your death.
A Will also allows you to appoint a guardian for your young children and
to give the person you appoint the power to use your money towards the
children's maintenance and education.
It is very important for you to have a Will if you are in a second
marriage or a second relationship with a new partner, where one or both
of you have children from a first marriage or relationship.
Making a Will Lets You:
your spouse/partner is protected.
exactly how your property and possessions are to be dealt with or
divided on your death so as to avoid arguments between family
Executors that you can trust to deal with the paperwork on behalf of
the payment of any tax on your death.
gifts of personal possessions or sums of money to specific people or
properly for your infant children
your partner where you are not married
your affairs easier (and probably cheaper) to deal with after your
Wills and Trusts