If you die intestate (in other words without a will) you run the risk of leaving behind a trail of stress, cost and even family feuds. For example, once all of your liabilities have been accounted for, such as outstanding loans or overdrafts, your remaining assets might not automatically go to your current spouse, if you are without a will.
There is only one way to be completely certain that your property and possessions go to the people you love – that is to write a Will.
A “will” not only documents your firm intentions for the distribution of your estate but is also the legal document used to nominate a legal guardian for any children under the age of 18. Without a valid or up to date will in place there are no guarantees that your children would end up in the safe custody of your selected family or friends.
Making a will
You will need to specify your choice of executor. This is the person who will deal with dividing up your estate and possessions when you die. They will also hold in trust any assets on behalf of children until they reach the age of 18.
If you do not designate an executor, the state will appoint a solicitor to do this for you – for a fee. By contrast, an executor can be (and usually is) a beneficiary of your will. It is preferable to have more than one executor in the event of one of them dying before you.
Altering your will
Whenever you make your will, it is always possible that a number of factors in your life will change. If this means you need to amend or replace your will, it is important that you don’t waste time in doing so.
Who will write the will?
Compare Life Quotes uses will writers that are registered and members of the proffesional wrill writers association.
Writing a Will yourself may seem the easiest and cheapest way to record your wishes. However, you may not choose the best type of Will for your circumstances and risk making mistakes which could lead to it being completely ineffective. While you may be put off by the cost of a professionally written Will, it is the best way to guarantee that the right plans are in place and that they will be carried out when you are gone.
Our professional Will Writing Service is easy to use, and currently free. When you request a Free quote from comparelifequotes.co.uk our fully trained FCA reulated advisers will be on hand to answer any questions that you might have. The only requirement to qualify for our free will writing service is that you continue to allow the comparelifequotes.co.uk introduced FCA adviser to act as your protection broker on an exclusive basis for a period of no less than 24 months.
A small investment in time and money now protects the future of loved ones, giving you complete peace of mind. Don’t leave it too late; write your Will with us now to ensure the right plans are in place.