Life gets busy, and it is all too easy to put off sorting out a Will. Many of us assume that our loved ones will automatically inherit everything if the worst happens, or we simply feel it is not relevant to us at this particular time.
However, the reality—as highlighted by the team at Jan Cook Wills and Trusts—is that delaying your Will can create significant complications for the people you leave behind. If you do not leave a valid Will, you are considered to have died "intestate," and the specific rules of intestacy will be applied to determine who inherits your estate.
Why You Need a Will
According to the guidance from Jan Cook Wills and Trusts, failing to make a Will can lead to several critical issues:
You cannot be sure that those you would wish to benefit will actually do so.
Your spouse or civil partner will not automatically inherit ALL of your estate.
"Common Law" partners may not receive anything.
Minor children could be taken into care whilst guardians are appointed.
There could be disputes which may mean lengthy delays for your beneficiaries.
Your estate could go to the State. If relatives cannot be traced under the rules of intestacy, your assets could be taken by the Crown.
Putting off making a Will until it is too late poses many problems for the people left behind and could mean your inheritance goes to the wrong person or to the State.
Protecting Your Business
If you run your own company, having a Will is just as crucial as protecting your personal assets. Without a valid Will, your business shares are subject to strict intestacy laws, which can lead to severe operational disruptions, lengthy delays, and uncertainty for your family and partners. Planning ahead ensures your business legacy is protected and your hard work is safely passed on.
Affording You Peace of Mind
The most important benefit of making a Will is the peace of mind it provides. It enables you to plan exactly what will happen to your property (estate) following your demise. This ensures that those you would like to benefit actually do so, in accordance with your wishes, while simultaneously avoiding any possible disputes between relatives.
Get Expert, Trusted Guidance
When it comes to something as important as protecting your family’s future, you want to work with someone you can trust.
We highly recommend speaking to Jan Cook at Jan Cook Wills and Trusts. Jan is a highly trusted expert and has been a valued, active member of our DBN community for years. She provides professional, clear advice to help you secure your wishes and gain that vital peace of mind.
To learn more about how Jan can help you put your affairs in order, visit the Jan Cook Wills and Trusts website.
