01745 850653
paul@commodorefinance.co.uk
It is estimated that approximately 60% of the UK’s population have not yet written their Will.
By not having a Will in place you leave your house, money, car etc open to potential risk of this benefitting people who you did not know or even like when you pass away.
A prime example of this happened to an unknown member of my wife’s family. The lady who died was aged 102 and was the niece of my wife’s granddad. My wife received a letter from a firm of genealogists who were hired by a firm of solicitors to determine the family tree, my wife was aware of her two cousins and sent all this back to the genealogists who in turn eventually sent back the family tree and a list of beneficiaries on which there were 79 people who were entitled to a share of the estate.
So, if you do not want this to happen to your family and your estate please call us and arrange a no obligation meeting.
The technical term for passing away with no valid will is ‘dying intestate’. If this happens your money, possessions and property will be divided up according to the law of intestacy, and your loved ones may inherit nothing.
The benefits of planning ahead
1. Specify exactly who your beneficiaries are. Rather than letting the law decide, you can divide up your inheritance in whatever way you want.
2. Nominate your children’s guardians. If you have children under 18 and the worst does happen, you need to plan for their future.
3. State who your executors are. Pick the person you trust will make sure your Will is properly adhered to.
4. Set out your wishes for specific possessions. Many of us have treasured heirlooms or keepsakes – a well-written Will lets you pass these on to the loved one it will mean the most to.
5. Write a joint Will. It’s possible to write a combined Will for you and your partner. Not only does this align your wishes with each other, it’s also possible to get excellent discounts.
By not having a Will in place you leave your house, money, car etc open to potential risk of this benefitting people who you did not know or even like when you pass away.
A prime example of this happened to an unknown member of my wife’s family. The lady who died was aged 102 and was the niece of my wife’s granddad. My wife received a letter from a firm of genealogists who were hired by a firm of solicitors to determine the family tree, my wife was aware of her two cousins and sent all this back to the genealogists who in turn eventually sent back the family tree and a list of beneficiaries on which there were 79 people who were entitled to a share of the estate.
So, if you do not want this to happen to your family and your estate please call us and arrange a no obligation meeting.
The technical term for passing away with no valid will is ‘dying intestate’. If this happens your money, possessions and property will be divided up according to the law of intestacy, and your loved ones may inherit nothing.
The benefits of planning ahead
1. Specify exactly who your beneficiaries are. Rather than letting the law decide, you can divide up your inheritance in whatever way you want.
2. Nominate your children’s guardians. If you have children under 18 and the worst does happen, you need to plan for their future.
3. State who your executors are. Pick the person you trust will make sure your Will is properly adhered to.
4. Set out your wishes for specific possessions. Many of us have treasured heirlooms or keepsakes – a well-written Will lets you pass these on to the loved one it will mean the most to.
5. Write a joint Will. It’s possible to write a combined Will for you and your partner. Not only does this align your wishes with each other, it’s also possible to get excellent discounts.