You don't have to be wealthy to need a will. Everyone needs one
Every individual over the age of eighteen should have a Will, whether or not they are rich or poor, male or female, single or married. Here are some reasons why:
- A Family can suffer acute financial hardship because of the delays in dealing with the estate of a person who has not made a Will, these delays can often run into years.
- The estate of anyone who has died as a result of an accident will almost certainly benefit from a substantial court or insurance claim, much or all of which could go to the wrong people.
- Thousands of small heirlooms and treasures are lost to the auction rooms every year because no one can decide who should have them. Your Will protects your heritage.
- Banks, Building Societies and Insurance Companies hold millions of pounds belonging to people who are almost certainly dead-because their families are not aware a Will exists.
- Family arguments nearly always arise over who should get personal belongings and what type of funeral should be arranged, it is unfair to thrust theses decisions upon a grieving family.
- Millions of pounds are unnecessarily paid in Inheritance Tax (death duties) because a Will has not been draw up.
- Hospitals lose the opportunity to make use of valuable organs for transplant because no one is sure of the wishes of the deceased person.
- Most people would rather their money went to a Charity than to the taxman if they have no one to leave it to, This can only happen through a Will.