When to write a Will?
With nearly half of all Britons without a will when is the right time to write a will?
There are several events in your life when you should consider writing a will - below you will find some examples:
Buying your first property
Unless you have 100% mortgage there will be equity in the property to leave.
There will also be the contents of the property which you may wish for some items to go to specific friends or family.
Getting Married
When you get married you will need to write a new Will as marriage automatically revokes an existing will.
Also marriage does not ensure your spouse inherits all your estate - a Will ensures your wishes are availed.
Have Children
When you have children you need to ensure they are cared for not just financially. These areas include:
- Guardians: Who will care for your children should both parents pass away?
- How will any future education be funded?
- At what age do you want your children to inherit your estate?
A well drafted Will can ensure these areas are covered.