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Importance of Making a Will
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Home / Making a Will / Importance of Making a Will

Importance of Making a Will



Why make a Will?
Making a will is something that many people put off doing. However, it is important to make a will for a number of reasons. If you make a will you will have the opportunity to ensure that your wishes are carried out in the event of your death and that your loved ones are looked after.
What happens if I die without Will?
Where a person dies without making a will they are said to have died “intestate”. The property and assets of a person who dies intestate are distributed to certain of their surviving relatives in accordance with the rules of intestacy.
Laws of Intestacy Flowchart
Diagram illustrating th Laws of Intestacy.
Why parents and step-parents need a Will
If you have children you will probably want them to inherit your estate when you die or when your spouse or partner dies and will probably want to ensure that they are properly looked after in the event that you die before they reach the age of 18.
Why cohabitees need a Will?
If you have lived with someone for some time you will probably wish for that person to be looked after financially in the event that you die before them. If that is the case you should make a will.

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Single Will or Mirror Wills?

If you are a couple and wish to leave all your assets to each other then you could save money by making  Mirror Wills. You can also use Mirror Wills if you whish to leave your estate to the same beneficiaries. 
 
If you wish to leave different legacies, appoint different executors or you would like to specify individual funeral wishes then you will need to make two Single Wills.
single will mirror will