What Age Should I Write My Will
As a young person in the U.K, the process of planning for your death probably hasn’t crossed your mind. It’s a difficult subject and even as time creeps on, most of us don’t like to consider our own mortality. As grim a topic as it may be, subjects such as wills and powers of attorney do need to be considered so that there are no tangled legal battles in the event of your death. And every now again we get an unfortunate reminder that life is short, and you never know when your time is up. There are certain times that are a good milestone when you should look into having a will written to ensure your loved ones are looked after. So, what are these?
1. Buying your first home in East Anglia
If you are in the process of buying a new home, this is likely one of the first things of significant value that you invest in and you need to specify who will inherit when the time comes. Any change in the value of your home will also affect your family members and what is being left to them, so having it laid out legally makes sense.
2. Getting married
At this happy time, you probably don’t want to think of one or other of you ever dying. But your spouse is also likely to be the chief beneficiary of your estate, so it’s important to get that down on paper and save them an awful lot of stress in the event of your demise.
Wills made before marriage are also often cancelled on marriage so it’s a good time to update your documents in any event.
If it’s a second marriage, then you need to update your will to reflect your new spouse and also plan out how property will be divided between children from your first marriage and any children from this new relationship.
3. When you have children
If you haven’t a will in place before now, this is the time. Your love for your first-born will mean that you will always want them to be provided for. If you die without a will, your children will be entitled to a portion of your estate, but it may not be divided up the way you’d like it to be. If you die before your children reach adulthood, you will have a guardian named in your will. If you haven’t made a will, then the court may decide that someone else is legally responsible for your children. You may wish to set up trusts in your children’s names or give them powers of attorney in case you become incapacitated.
Expert Will Writers
These things will vary from one person to another, but once you own anything of value and have any relationships that are significant, you should consider writing your will. Heritage Will Writers have provided this valuable service in the East and South East of England to thousands of happy customers and all our Will Drafters are STEP qualified.
Our Head office is located at 13 Hellesdon Park Road, Drayton High Road, Norwich, NR6 5DR. We also have offices in Boston, Bishop’s Stortford, Cambridge, Lincoln, Royston and Southampton. If you’d like to know more about writing your will, call Heritage Will Writers today on 01603 894 500.