1. In many instances, your home will probably be your most important asset and a critical consideration. For those who are married, setting up a Will might help to ensure that your partner can carry on living there immediately after you've died. Without one, it may be determined that your home really should be sold in order to split-up your assets equally.
  2. If you are not married, but do live with your partner, not having a Will could leave them with nothing - including nowhere to live. By speaking with a Professional Will Writer and having something drawn up, you can make the decision to leave your property with your partner, so their future is secure.
  3. Another important consideration is if you have been married, but are now divorced. Your former spouse may still be entitled to some of your assets, even though the two of you are no longer together so it is important to review your Estate Plan at this time.
  4. As well as your property, if you have financial assets, you may want to think carefully about how you want them to be separated. You may have friends, family or special causes you wish to support. You can use your Will to ensure your assets are distributed fairly - avoiding arguments and further heartache following your death.
  5. Whilst money as well as property are a couple of the biggest assets you're likely to leave behind, you'll want to consider other assets which need to be distributed. When you have items that you think may benefit one member of the family more than another, you are able to make sure that is the case.
  6. When you have children, you don't simply need to consider what you're leaving for them. If you're a single parent or if you as well as your partner were to die together, it's going to be vital that you have given thought (as well as declared in your Will) the person you would select to be a guardian for your little ones.
  7. While ensuring all your family members are left having a home and therefore are financially protected will certainly be a main concern, it may additionally be beneficial thinking about whether or not to include a trust fund for your children, so that they get a great start to their adult life.
  8. If you are a company owner, you'll have to consider what's going to happen to your shares. Ownership of your company could become diluted in the eventuality of your own death, with members of the family having a say in its operating. A Wills writing professional can help clarify exactly what options you've got - for instance a cross option agreement.
  9. In the event you die intestate (without having a Will) and also have no immediate family members, a lot of your assets could be absorbed while looking for distant family members. Instead, maybe you have good friends or possibly a charity that you would rather leave your assets to.
  10. One last thing to consider is who to select as the Executor of your Will. The Executor is the person or people that will make certain your wishes are executed and that your assets go where you meant them to.


Call us on 0345 017 8250 to discuss your Will and Estate Planning requirements in complete confidence.

Resources



Call today to discuss your Will Writing Services requirements in complete confidence:
0345 017 8250 (local call rate)