Young or old, if you’re over 18 you should have a Will. Let’s face it no one
knows what’s around the corner and it makes sense to be prepared.
If you’re at the younger end of the scale with no health issues or
responsibilities, perhaps getting a Will in place isn’t the top of your
priorities, but still shouldn’t be something you keep putting off.
When a Will should be a priority
It obviously becomes more important to have a Will if you’re older or you have
health issues. It is also important i
There are a number of formalities you’ll need to follow to make sure your Will
is legally valid. If your Will is deemed to be invalid when you die, your estate
will have to be dealt with as if there was no Will, being distributed according
to the rules of intestacy and not as you’d requested.
The good news is that the rules for making a valid Will are quite easy to comply
with, so really there’s no excuse for getting it wrong.
For a Will to be legally valid it must be:
* Made by someone who is
Having a Will can make sorting out your affairs much clearer and easier for your
friends and family at what will already be a difficult time for them.
It is only by having a Will that you have a say in the things that matter to
you. These can include:
* Who your estate will be left to – especially important if you’re not married
to your partner.
* Any specific wishes or funeral arrangements to be carried out.
* Minimising the amount of inheritance tax to be paid.
* If you have children,
If you have documented your wishes that are to be carried out after your death
in the form of a will, you will need to review it periodically.
Having your estate and finances distributed to people of your choosing can be
handled legally by way of a will. However if your circumstances change you may
want to alter things like beneficiaries or change assets that are bequeathed to
a specific person.
Life brings about many changes and there are a number of instances where you may
need to amend your Read More »
In the eventuality that the unthinkable happens, you will need a will to make
provision for your partner or spouse. This will not only ensure that they are
financially provided for, it will saves months of painful legal process and
potential disagreements with other relatives.
Making a will is not always on the forefront of everyone's mind especially when
daily living, work, and other things take over. However, it is a sound part of
your overall financial planning.
If you happen to die befor Read More »
Traditionally, the way to write a will and get your affairs in order has been to
engage the services of a solicitor. Having expert help to walk you through the
legal steps required gives a level of comfort and security when it comes to
making plans for your estate.
It also comes at a price.
Using a solicitor to document how you want your finances and assets managed in
the event of your passing does not come cheap. It can also take more than one
appointment which can rack up the cost.
An onl Read More »
You may have thought once or twice about preparing your will. It is one of those
tasks that is easily put off, but it is essential to protect your family, your
estate, and convey your wishes legally and effectively.
However, like many others you may have delayed writing your will for any number
of reasons.
It can be time consuming
It can be stressful or unpleasant
It can be expensive
To draft a will in the traditional manner you will need to book an appointment
with a solicitor, sort out Read More »
Now the hangover has passed and we are back into daily routine here are three
simple things you should sort out in the New Year to keep your AFFairs In Order
(thats the origin of the affio name).
1. Write your Will – it should take between half an hour and an hour to do on
affio. Print it, sign it in front of witnesses and put it somewhere safe.
Tell someone you trust where your Will is! Wills are much simpler than
people realise and it is better to have something and come back lat Read More »
