This is not the case. Making a will is the only way that you can
be certain what will happen to your property and possessions after
your death. If you die without making a will the law decides how
your possessions will be divided up. Only if you have no other close,
living relatives will your wife or partner get everything. It could
lead to the bereaved wife or husband having to sell the family home
because other relatives are entitled to a share of its value.
For unmarried couples the situation can be even more complex as
the partner may not be legally entitled to anything if no will has
been made.
Making a will is not complicated or expensive, however, it is important
that you take proper legal advice. There are those who believe that
they can write their own will and whilst this is true, experience
shows that often these wills are not legally binding and can lead
to expensive disputes.
Even if you already have a will it is important that it is reviewed
regularly. You should change your will if you marry, separate, divorce
or remarry. Your will should also be reviewed regularly for other
reasons, for example; to reflect changes in the value of your property
or possessions or to ensure that your beneficiaries list is up to
date.
A proper will can also minimise the amount that is paid out in
Inheritance Tax. There are a number of ways in which this can be
done and our solicitors will advise you on what best fits your circumstances.
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