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Wills & Trusts happy-couple Estate planning Direct Wills

Do you have an extended family?

Why make a will?

What are the functions of a will?

  • Clearly identifying a trusted person to execute your last wishes
  • Allocating your estate to the parties you wish
  • Providing information on the responsibility of under 18s in the deceased’s care
  • Mitigating inheritance tax as the law can create difficulty for surviving family members

Have an extended family?

When in the case of extended families, there may be disputes over various aspects of the deceased’s will. An extended family can be constituted as any of the following and more:
Unmarried partners, second marriages, step children or children in your care, grandparents and any other relatives not in the ‘nuclear family’.

Unfortunately, for those who have not created a will, many cases have meant that extended families have been left with little or nothing. This has often created battles to get what they believe is rightfully theirs, although there is no guarantee they will receive anything.

Benefits of creating a will

  • Knowledge your loved ones are taken care of
  • Simple and easy to create with our professionals
  • You are completely aware of how your assets will be distributed when you pass away

What can happen if you do not have a will?

  • Unmarried partners may not automatically receive anything
  • Guardianship of any stepchildren may be unclear
  • Family may be liable to inheritance tax on your estate
  • Undue stress put upon surviving relatives

In 2015, 70% of people in the UK that died did not have a will. For the extended families of those that died, many of them would have faced uncertainty on what they would receive. Taking the small amount of time to create a will, would give you and your family peace of mind.

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