Wills Still a Potential Minefield for Many

According to a recent poll, more than one in eight wills is ‘self-written’ and one in 10 of those people who have made a will fails to tell anyone where it is. Since nearly 4 out of every 10 adults have not made a will in the first place, the survey shows that approximately half of all families are likely to face the difficulties that more often than not accompany cases where there is no will or the will has a defect because it was made without the benefit of professional advice.

Making a will makes good sense for everyone. Having a will professionally drafted not only provides an assurance that it will not fail because of some simple defect, but it also means that your estate can be administered more quickly, and normally at less cost, than would otherwise be the case. Many people think that if they do not have sufficient assets to be caught by Inheritance Tax, it is not worth making a will. This assumption can cause those left behind unnecessary stress at a very difficult time and the intestacy laws could operate to distribute your estate in a way that conflicts with your wishes. Making these known in a simple will can avoid all such problems.

Click here for information on how a person's assets will be distributed if they have not made a will.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.