As we go through our lives, we tend to tread rather carefully as we try
to take everything into our stride. We’d rather be safe than sorry
and that is precisely why we meticulously plan out our life and hopefully our
investments. As we age, we not only have to care for ourselves but also make
sure to avoid any family disputes over who inherits what and sometimes you just
don’t want your wealth to fall into the wrong hands. There is more to wills and probates than meets the
eye, for example, reducing inheritance tax, enabling financial security and
avoiding family disputes are just a few of the benefits that are attached to
making a will. To put it in more technical terms, a Will is a legally binding
document that acts as a statement of your wishes even after you are gone. You
can rest easy knowing that you can control what happens to your wealth even
when you are not around by simply hiring a family solicitor who will guide and assist you with the legal
technicalities of drafting a Will. There is a great deal of mental satisfaction
and comfort in knowing that the rewards of your hard work will be distributed
and managed in accordance with your wishes.
Top 5 Reasons To Maintain a Will
Having a Will, maintaining it by regularly updating it is arguably one
of the most important things you can do for yourself as well as for your loved
ones. That being said, the first step to avoid any delay in making a Will is to
understand the fragility of our lives and accept the inevitability of death.
Tomorrow is not promised, that is why there is never a right time to get a Will
drafted, the time is now. Here are 3 of the top reasons why a Will is so
important:
- Exercise
Control: You can exercise total control over how your estate will be
distributed or handled upon your death. Your intended desires will be clearly
established through the Will, and hence they will be carried out accordingly.
This, in turn, helps minimise any family disputes or legal hassle.
- Legally
protect your loved ones: If you happen to have minor children, a Will
allows you to make an informed decision about who you want to appoint to raise
your children. Furthermore, you can direct your estate to the person who you
would like to pass it on to. This enables you to avoid a long and tedious legal
process.
- Minimise
costs: Minimise your estate taxes and the costs that your loved ones will
have to incur in case of judicial proceedings.
Hire Efficient Wills and Probate Solicitors
Our professional and experienced team of solicitors at Hawley and
Rogers, established in 1939, will be more than happy to provide you with the
assistance and advice you need. We offer a comprehensive range of services at
an affordable price. For any inquiries about any of our legal services, call us
on 0115 955 9000 (Nottingham) or 1509 230 333 (Loughborough).
