Many of us avoid talking about anything to do with wills or death because it makes us feel uncomfortable. It is unsettling after all to think that one day our lives will end. However, the reality is that it will happen to all of us, and there are things that we must do to prepare for it. There are some reasons that make it even more important to make a will and I will highlight them here.
- If you have children under 18 years of age you must make a will in order to appoint a legal guardian for your child in case you die before they reach 18. It is a frightening thought, but it’s probably even more horrible for a parent to think that their child would not have anyone to look after them. That’s why it’s important to decide who could look after them if you die. Choose someone who you can trust with your life to protect your child and do the best that they can to look after them as much as you do.
- Ensure your children are provided for financially. Along with deciding who will be the legal guardian for your child, you may want to set up a trust to fund their future. You can do this whilst you are still alive, or leave instructions for it to be established when you are no longer here.
- Protect your partner if you are not married. If you are not married, your partner won’t be entitled to anything from your estate, so you’ll want to create a will to highlight that you’d like them to have your belongings, house or money when you die. The same goes for step-children.
- Keep the family home in the family. It’s especially important to state in your will who you want to inherit your family home if you are not married or have step-children.
If after reading these reasons to make a will, you decide it’s time to write one, and are looking for a will writing service Cheltenham, I highly recommend Bees and Co. Getting your will written professionally will help you get it right and avoid paying too much inheritance tax, so it is worth it.