Making a will in the UK is one of the most important decisions you can make to ensure that your assets, property, and loved ones are taken care of when you’re no longer here. Many people assume that only the wealthy need a will, but the truth is, it’s essential for everyone, regardless of the size of their estate. To protect your wishes and your family’s future, it’s crucial to make a will in the UK.
In this article, we’ll explain why making a will in the UK is crucial for your peace of mind and the protection of your loved ones, and how it can prevent legal complications after your passing.
Assets and Property: Why You Need to Protect Them
You don’t need to own a mansion in the countryside to have assets that need protection. It’s the small savings in your bank account, the car you drive, or even the house you call home. If something happens to you, what happens to these possessions?
Without making a will in the UK, the law will decide how your property and assets are distributed. This could lead to outcomes that you don’t desire or plan for.
For example, imagine that a loved one wants to access your bank account or use your car. If they don’t have the legal right to do so, and you haven’t made a will in the UK, the court could intervene, potentially leading to complications. Having a will ensures that your wishes are followed, and your assets are passed on to those you choose.
Spouse & Children: What Happens to Your Loved Ones If You Don’t Make a Will in the UK?
What happens to your children or your spouse in the event of your death? If both parents pass away without making a will in the UK, the court will decide who will take care of your children. This can create unnecessary stress and confusion for your family during an already difficult time.
Additionally, if you are in a civil partnership, you may think that everything will automatically go to your partner. But without a legal will, the court may not consider them as the primary beneficiary. In these cases, your partner may not be able to inherit your home or assets, or make decisions on your behalf if you become mentally incapacitated.
Making a will in the UK can provide clarity about guardianship of your children and ensure your partner or loved ones are taken care of financially. This helps avoid legal complications that can arise without proper documentation.
Guardianship and Future Care: Don’t Leave It to the Court
What happens if you become mentally incapacitated, and you haven’t made a will in the UK? If you haven’t appointed someone to make decisions on your behalf, the court will decide who takes care of your future needs. This could mean your partner, family, or a trusted friend might not have the legal power to manage your finances or care for you in the way you would want.
By making a will in the UK, you can designate a legal guardian for your children and choose someone you trust to manage your affairs if you’re unable to do so yourself.
The Good News: Making a Will is Easy and Free for Our Clients
Making a will doesn’t have to be a complicated or costly process. In fact, for all Financial Agent Solutions clients, the will and guardianship services are completely free! If you’ve previously arranged a mortgage, remortgage, or any insurance (Income Protection, Critical and Serious Illness Insurance, Mortgage Protection, Life insurance, Building and Content Insurance) with us, you’re eligible to take advantage of this valuable service at no extra cost. Let us help you secure your future and protect your loved ones today.
Take Control of Your Future Today
Don’t wait until it’s too late to think about your future and your loved ones. Making a will ensures that your assets are distributed according to your wishes, and that your family is cared for in the way you intend. It also gives you peace of mind knowing that your wishes will be respected, no matter what happens.
Book a free consultation with a financial advisor today to get started on your will. We’re here to help you navigate the process and protect what matters most to you.
So it’s time to make a WILL!
The will and guardianship are FREE for all Financial Agent Solutions clients!
