Why Is It Important To Make A Will?

Stuart Maher Watson Ramsbottom Solicitors

Stuart Maher

Operations Director & Solicitor

Here at Watson Ramsbottom, we can make the will creating process simple and stress-free with our dedicated and highly professional staff who have spent many years drafting wills for thousands of clients.

Many people still believe that Solicitors are not necessarily needed when creating your will, but you should trust us when we say this is wrong!

Consulting a Solicitor for your will is crucial. Our team can save you time and effort while ensuring professional and legally effective drafting, safeguarding your will from potential post-death challenges.

We will also make sure your wishes are stated as you so desire, so that you don’t accidentally fall into one of the many traps and misunderstandings, making sure your beneficiaries and executors are named appropriately.

Here are a few reasons as to why it’s important to have your will created before it’s too late:

1: Asset Distribution – A Will allows you to instruct a trusted person (an Executor) to manage your estate after your death and specify who you wish to benefit. Without a will, your assets may be distributed in ways which may not align with your wishes.

2: Care fee protection – Planning to protect your assets from funding residential & nursing care in later life is a common concern as the years advance. By making an appropriately structured will including trusts you can legitimately reduce your exposure to being asked to fund your care in later life.

3: Avoiding family disputes – A well-drafted will can help prevent potential conflicts among family members after your death. By clearly stating your intentions and distributing your assets according to your wishes, you reduce the likelihood of disagreements or disputes among your loved ones. This can provide peace of mind and maintain family harmony during a difficult time.

4: Minimising tax on your death – Estate planning, including creating a will, can help minimise the tax burden on your estate. By utilising certain estate planning strategies, such as establishing trusts or making charitable bequests, you can potentially reduce the amount of estate taxes that your beneficiaries may have to pay.

5: Guardians of your children – If you have young children, a will allows you to designate a guardian who will take care of them if both parents pass away. Without a will, the court may have to decide who will have responsibility to care for your children, which can be a difficult and uncertain process. By naming a guardian in your will, you have control over who will raise your children in the event of your death.

6: Peace of mind – Creating a will offers peace of mind, knowing that you have taken steps to protect your loved ones and have a say in the distribution of your assets. It allows you to have control over your legacy and ensures that your wishes are carried out after your death.

We’re here to help you through this, if you require more information, please contact one of our specialists today by visiting our wills page here

We've Got Your Back

If you need assistance or advice in regard to any aspect of this issue, we can help Call Stuart on 01254 88 08 34, email enquiries@watsonramsbottom.com, talk to us via live chat or complete our online enquiry form and one of our experts will contact you.

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