Over half of all adults in the UK don’t have a will, but there are a whole range of people who should consider getting a will. Well really, it’s all of us!
It’s much easier than you may think and could save a lot of hassle, stress, anxiety, inconvenience, annoyance, struggle, worry etc. further down the line. Here are just a few scenarios where a will could make your family’s life easier and ensure their needs are met, as well as your wishes.
If you have a young family 👪
A will ensures that your family is taken care of financially after you’re gone. It also lets you choose who should be your child’s legal guardian. If you don’t, the decision would be made in family court and the person chosen may not be who you would prefer. You can even specify who you want to look after your pets!
If you own a business
Wills are not just for the super-rich, even if you own a small business, setting out a plan for the smooth transition of your assets can make the entire process much easier for your family should the worst happen, especially if they would be relying on your business for income. Having a will in place means that business operations would be able to continue running uninterrupted.
If you and your partner are unmarried
Certain relationships are not recognised under law (old school, we know 🙄) and in the event of your death, your partner could be left with nothing. Only married spouses and children, not including step-children, automatically receive inheritance. Setting out your wishes in a will means that your estate will go to whoever you choose.
If you have a lot of assets
It makes sense to set out exactly who should get what in the event of your death, particularly if there is a lot to divide up. There may also be certain assets which hold a great deal of sentimental value and you can choose exactly who should inherit them 💎
If you have a tricky family situation
The law is very straightforward when it comes to the division of an estate but family dynamics are not always as simple. An estranged wife or children from a previous relationship are just a couple of reasons you may want to spell out exactly what your wishes are. If you have no close relatives, or you choose friends over family, you may want to consider who your estate should be left to. From a friend to a charity, you most likely won’t want everything to go to the Crown 👑 or the government. Setting out exactly what your wishes are helps to avoid any potential disputes after you’re gone.
As you can see, there are many types of people who should consider getting a will, in fact, a will is for EVERYONE. Want to know a few more reasons? Check out 5 Reasons You Should Make a Will.
While you may think that it is complicated or time-consuming, at Bequest, you can write your will online (and purchase life insurance with us in just a few minutes. Creating a will gives you peace of mind, whatever your situation, and ensures a smooth process for those you leave behind should the worst happen. Don’t put it off any longer, it’s quick and easy to get your will today! 🙌