30 July 2020, the Insolvency Service published its quarterly insolvency statistics for April to...
Why make a Will?
What happens if you do not make a Will? If you do not have a Will when you die, your money, property and possessions (“your estate”) will be shared according to the law and not your wishes. This can mean that someone you had not intended receives your estate and the person that you would want to have received your estate could end up with nothing.
How can I make sure the people who I want to receive my estate receives it?
By having a will drawn up you can say who will receive your estate and who can administer it.
If you have children, you should consider who you wish to care for your children. You can name their guardians and not rely upon the Court to make a decision.
Why it is important to make a Will?
If you die without making a Will or if you make a Will which is invalid then the rules of intestacy decide how your estate will be administered. This is irrespective of what your wishes or intentions may have been.
If you have a partner but are not married or in a civil partnership, then your partner is not legally entitled to benefit from your estate when you die.
At mfg our private client team has a wealth of knowledge when it comes to preparing a Will on your behalf. Our team of experienced legal advisors will take the time to understand your individual needs and circumstances to ensure that your Will accords with your wishes.