If you have anything of value to leave when you die, or you have dependents or children that are under the age of majority, then you should have a Will that appoints guardians and allocates your wealth appropriately.
If you remarry, you will probably need to redraft your Will to take care of blood relatives and children from former marriages. If you own a business, you will need a Will to make arrangements for the distribution of shares and perhaps even appoint directors in your stead, subject to the control of the business that your shareholding allows.
If you own property you may need a Will to make provision for its sale and/or management in the short and long term. However, if your property is owned with others as tenants in common, then your share of the property will pass directly to them on your death, outside the Will. Do you want that to happen?
If you are wealthy, making provision for efficient tax planning is important and a Will allows you to set out such requirements clearly for your executor or trustees. Furthermore, if you are incapacitated due to illness, you may benefit from a prearranged ‘life will’ which makes provision in the event of your incapacitation, including the grant of a power of attorney.
If you have any wealth or responsibilities, or a desire to dictate anything in regard to your funeral, then you need a Will!
For more information see our Wills and Estate Planning page or speak to an adviser on 01628 507477.
Download our Free First Time Buyers Guide
Recent posts
According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.
More than a quarter of UK adults in long-term relationships (26%) have reported that despite living together, they keep their finances separate from one another.
There has been a rise in both rent and mortgage costs over the last three years, with renters seeing a greater increase in their monthly payments than those with a mortgaged property.
Delayed Start Mortgages
14 days ago
The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers.
Green Mortgages | Rewards and Benefits
16 days ago
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.
When will mortgage rates fall further?
26 days ago
Analysts are predicting further rate cuts this year, with the next one possibly coming down to 4% when the Bank of England’s Monetary Policy Committee meet on Thursday 7th August 2025.
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
More information
Trusted by
