Probably the most common misconception is that everything will automatically go to your spouse.
Dying without a Will means that your assets are dealt with by the statutory rules of intestacy. These could see your property split between your relatives and could lead to financial hardship for a loved one.
The situation is worse for unmarried co-habiting couples. The law does not recognise these relationships on death. If one partner dies their property could go to their family rather than to their partner.
On a more positive note, a Will is a chance for you to make choices about where you want your assets to go. You could choose to remember a favourite relative or a charity. You can also appoint guardians to look after your children.
A well-structured Will can ensure your affairs are dealt with as tax efficiently as possible.
Making a Will is usually not a complicated process and can give you a real peace of mind. We can assist with everything from a simple Will to more complicated arrangments. Sprake & Kingsley have the specialist knowledge to help.
Frances Davy
