Don’t let a Will be the Christmas present you keep putting off
A recent survey reveals that nearly 40 million people in the UK don’t currently have a valid Will in place. Whilst most participants of the survey cited that it is something they haven’t been able to get around to, as the holiday season begins, this may be the perfect time to think about the gift you’re leaving your loved ones. After all, it’s not just about the presents you give today, but also the ones that are ensured when you’re no longer around.
The holiday season often brings families together, but it can also remind us of the importance of preparing for the future. If you pass away without a valid Will, your estate will be subject to the rules of intestacy. These rules determine how your assets are distributed on your death. If there are no surviving relatives, your estate will ultimately pass to the Crown. This process can mean that your estate may not be passed on to the people you would have chosen to benefit. For instance, even if you are married, the intestacy rules don’t guarantee that your children or grandchildren will receive a share of your estate. This Christmas, take some time to think about how you would like to provide for those who matter most by ensuring they benefit from your estate exactly how you wished.
Creating a Will is easy to put off, especially with the hustle and bustle of the holiday season when life feels so busy. Many people wait until significant life events before they consider estate planning such as, buying a house, getting married or even having children. However, the best time to make a Will is now. It is especially important to have a plan in place should the unexpected happen. With the festive season in full swing, why not start the New Year with the peace of mind knowing your estate is in order?
Statistically, the average age at which people decide to make a Will is 58. Contrastingly, the average age at which people purchase their first home is 36. While it may feel premature to think about leaving assets to someone at an early stage in your life, being proactive ensures your wishes are upheld. For many years, people live with substantial assets without a succession plan. This Christmas, give yourself the gift of certainty by making a Will, no matter your age.
If you are unsure where to start, our team is here to guide you through the process of drafting or updating your Will. Whether you are planning for the unexpected or ensuring your loved ones are looked after in the future, we are happy to assist you. Contact us today and take the first step in making this holiday season truly unforgettable by securing your legacy for what matters most.
Contact Jack to discuss this further.
