When Should I Write My Will?
It is a common misconception that only a certain kind of person needs to write their will. Those in their twilight years. People with serious health concerns. Or, perhaps those in more hazardous lines of work. To many, only people this should be concerned with something like writing a will. However, this is not the case. If you haven’t written your will yet, and you’re wondering when you should, then there is one, simple, universally applicable answer to this query:
A will is the most important contingency you can have in case of tragedy. It will ensure that your loved ones are properly taken care of, as per your wishes.
Wills Avoid The Rules Of Intestacy
To those in their 20s or 30s, a will may seem like a redundant precaution. Somethign that will be terribly out of date by the time they might actually have to write a one. Hopefully, in most cases, they would be right. However, accidents and other unforeseen causes of death do occur. These can leave the family of the bereaved in an awful position. Various legal complications come into effect upon the death of someone without a legal will. Separated partners and other estranged associates could benefit from your remaining capital, to the detriment of your loved ones.
To summarise a complicated and legally dense process: your assets will go into something called the rules of intestacy. Your assets will be distributed strictly among married or civil partners. Failing this, they will be spread among other relatives according to their immediacy. This means that if you’re not married to your significant other and you haven’t written a will, then they are legally entitled to nothing. This happens regardless of any other factor, such as whether you live together or the length of your partnership.
While this may sound fine for some, it does not, it legally cannot, take your specific circumstances into account. Matters that seem simple and obvious while a person is alive, can be anything but when they pass. Devolveing into a drawn out and tumultuous process, it can create a schism amongst the bereaved. All of this can be avoided.
Wills Ensure Your Loved Ones Are Protected
Drawing up a will with a solicitor or legally recognised witness is the best way to make sure that your loved ones are taken care of according to your specific wishes, taking some of the burden away from the proceedings following your passing, even if it’s only a little. Even if you’re the picture of health, writing a will is the responsible thing to do, even if only as a matter of contingency.
It is worth noting that a will is also a way in which you can ensure that your funeral costs will be taken care of. It can take some of the strain off of your loved ones at a time when doing so is most important.
Contact Us For More Information On Wills
If you would like to find out more about how you can smooth some of the friction out of the process proceeding your passing, then feel free to contact one of our representatives at Stanley J Nicholas, Independent Funeral Directors, to learn more about what you can do for your family should tragedy strike.