Writing your will might sound like a boring, mundane task, but keeping an updated version of your will is vital! And we’re here to explain why. Staying on top of your will is important for a range of reasons. Our blog dives into the importance of writing a will and updating it. To find out more about wills and probate, keep on reading!
Why Is A Will So Important?
Your will is an important document that comes into effect when you die. A will is a legal document that details how your estate will be divided up and who will receive what.
This includes family members, children and usually any other close relatives. Your will should detail:
- The executors who are responsible for administering the estate
- Any funeral wished you have planned
- Guardians of young children
- Any gifts to friends and family
- Any donations to charity
- How the remainder of the estate will be distributed
Everything must be detailed as clearly as possible in your will, to avoid confusing or misinterpretation. The clearer you are in your will, the less room for misunderstandings and disagreements.
What Happens Without A Will?
For those who don’t write a will, that estate will be administered in line with the Intestacy Rules. This can often be more complicated and the assets will be divided up based on particular rules.
If you want specific items to be distributed to the family members you choose, writing a will is absolutely essential. For unmarried couples who don’t write a will, the surviving partner will not be entitled to any assets. On that same note, step-children and friends will not have any legal entitlement to your items without a will.
Updating Your Will
Keeping your will up to date is also essential. In the event that something unexpected happens, having an up to date version of your will can make things much easier. If you are going through any significant life changes or events, use these times to update your will.
This could include:
- If you get married
- If you have children (update each time you have a child)
- If you get divorced
- If an important family member passes away
- A change happens to your financial position
Richard And Lewis: Find A Lawyer You Can Trust
If you’re looking for reliable wills and probate solicitors, look no further. Here at Richard & Lewis, we offer excellent legal advice in a range of areas. Our solicitors firm is renowned for our excellent legal services and satisfied clients.
For more information regarding wills and probate, feel free to contact us today to speak to our team directly.
