Why do I need a Will?
Making a will is an important step for anyone, regardless of the size of their estate. It ensures that your wishes are respected and that your money, property, and possessions are distributed according to your wishes. Without a will, there are certain rules which dictate how these assets should be allocated, which may not be in line with what you would have wanted.
For unmarried couples or those who have not registered a civil partnership, making a will is especially important as without it the surviving partner cannot inherit from the other. This can create serious financial problems for them if one partner dies unexpectedly. If you have children, making a will is also essential so that arrangements can be made for them if either one or both parents die. A will allows you to make sure that your children are taken care of and provided for in the event of your death.
So if you don’t have a Will, look no further than LegalWills. They are the UK’s number 1, online Will writing service, operating for the last 23 years. You can have your Will drawn up in 20 minutes in the comfort of your own home. They also offer a 30-day, 100% money-back guarantee if you are not happy with their service. They have helped more than 2 million customers.
LegalWills have bespoke packages or you could build your own package. From Last Will and Testament, Premium Estate Plan, Funeral Wishes, Digital Vault, Final Messages Or even Expatriate Wills for Individuals or Couples.
What should be included in the Will?
A will is an important document that outlines how a person’s assets should be distributed after their death. It is essential to ensure that all the necessary information is included in the Will, so that it can be legally binding and accurately reflect the wishes of the deceased. When creating a will, there are several key points to consider.
Firstly, you should list all your possessions and financial assets, such as property, savings, pensions, insurance policies, bank accounts and shares. This will help to ensure that everything is accounted for when it comes to distributing your estate. Secondly, you should make a list of all the people who you wish to benefit from your will – these are known as beneficiaries. You should include details of who they are and what they are entitled to receive from your estate. Finally, if you have any specific instructions regarding funeral arrangements or other matters related to your death then these should also be included in the will.
What if I don’t have a Will?
When a person dies without leaving a valid will, their estate must be distributed according to the rules of intestacy. These rules are in place to ensure that the deceased’s assets are divided fairly and equitably among their surviving family members. Under the rules of intestacy, only married or civil partners and some other close relatives can inherit from an intestate person. This means that if someone makes a will but it is not legally valid, the wishes expressed in the will do not take precedence over the rules of intestacy when it comes to distributing the estate.
In cases where there are two or more children, they will each receive an equal share of the estate. If any of them have already passed away, their share will be given to their own children. In some cases, if there are no living descendants then the estate may pass to other relatives such as siblings or parents. It is important to note that this only applies when there is no surviving partner; if there is one then they will usually be entitled to a larger portion of the estate than any other beneficiaries.
If there is no surviving partner, the children of a person who has died without leaving a will inherit the whole estate. This applies however much the estate is worth. If there are two or more children, the estate will be divided equally between them.
The rules of intestacy vary depending on which part of England you live in. For example, in England and Wales, if there is no surviving spouse or civil partner, then the deceased’s children will inherit their estate; however, in Scotland, if there is no surviving spouse or civil partner then the deceased’s parents would be first in line to inherit. It is important to note that these rules may also differ depending on whether or not any other relatives have already passed away before the deceased. Therefore, it is important for those who wish to ensure that their assets are distributed according to their wishes upon death to make a valid Will as soon as possible.
Don’t delay and start now with your Online Will. It is so easy and convenient and if you have any questions, do not hesitate to contact LegalWills.
Who are the executors?
Executors are the people who are responsible for carrying out the wishes of a deceased person and for sorting out their estate. They have a legal obligation to ensure that all assets of the estate are collected, all paperwork is dealt with, and all debts, taxes, funeral and administration costs are paid out of money in the estate. Furthermore, they must pay out any gifts specified in the will and transfer any property to beneficiaries.
The executor’s job is not an easy one; it requires a great deal of time and effort to ensure everything is done correctly. They must be able to handle difficult conversations with family members or creditors, as well as manage complex financial matters such as investments or tax returns. It is important that executors understand their duties and responsibilities so that they can carry them out properly. Executors should also seek professional advice if needed so that they can make sure everything is handled correctly.
Why use Legal Wills to create your Will?
- LegalWills are dedicated to give you the best quality service all the way.
- They have 23 years of experience and can give you the best advice on what you need.
- They are 24/7 on call to help you if you get stuck or have any questions.
- You can also create your Will from anywhere in the world on any device, from a phone to a computer or even a tablet.
- With LegalWills you have unlimited updates on your documents. When your circumstances change, you can immediately update it online.
- They also offer professional reviews by solicitors in the cases needed.
- Privacy and Security are one of the most important aspects of LegalWills, and all your information is encrypted in their servers.
- LegalWills offer a unique product called “MyLifeLocker” where you can store important information and all passwords for all your accounts.
- Our products are very good value for money.
- Our products are always kept up to date, according to all law changes.
- LegalWills offers other products like “MyLifeLocker, MyVault, and MyMessages”.
