Whilst it’s not a legal requirement to have a Will here are 4 reasons why you should:
- A Will makes it much easier for your family or friends to sort everything out when you die – without a Will the process can be more time consuming and stressful.
- If you don’t write a Will, everything you own will be shared out in a standard way defined by the law – which isn’t always the way you might want.
- A Will can help reduce the amount of Inheritance Tax that may be payable on the value of the property and money you leave behind.
- Writing a Will is especially important if you have children or other family who depend on you financially, or if you want to leave something to people outside your immediate family.
These reasons are very convincing yet did you know that 60% of the UK’s population have yet to write their Will? That’s huge number of people who leave their estates unprotected with the chance that the value of their family’s inheritance could be significantly reduced. Having no Will can result in significant delays and unexpected costs arising at a time when the last thing a family needs is additional hardship and worry.
Roger Bourdon at City & Country Financial Services is familiar with this situation: “People often say that they intend to write their Will but cannot find the time, so it just sits on their ‘to do list’ and creates a massive problem for those left behind when they die. However if you don’t make a Will then you have no control over who will inherit all you own and have worked so hard to achieve. If you are married, then your spouse’s inheritance could be limited. If you are co-habiting your lifetime partner could end up with nothing. If you have children from a previous relationship, they could end up with nothing and if your spouse or partner marries after your death your children could receive nothing too. For the sake of a couple of hours of your time all this could be avoided.”
Whatever your reasons for not having written your Will there’s no time like the present and City & Country Financial Services’ FREE home visiting service aims to make things easier for you. A home visit can be arranged for an evening or weekend to suit you and has the added benefit that you will have relevant paperwork close to hand.
If you already have a Will do get it checked to make sure it complies with current legislation and meets your wishes. City & Country Financial Services can check your existing Will if you would like them to.
For further information contact Roger:
[email protected] or call either 07958 221460 or 020 3137 0500.
City & Country Financial Services
154-160 Fleet Street, London EC2A 2DQ
If you choose City Country Financial Services to write your Will we will provide a free financial review (value £495) to see how we can help you achieve your long term goals and aspirations.