Financial & Legal News

Ticking Things Off Your To Do List – Making a Will

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As the nights draw in and we begin to think forward to Christmas there might still be some things that need ticking off your 2019 to do list and making a Will could be one of them.

Almost 75% of people do not have an up to date Will, or have even started to consider one, it may be that in January earlier this year you made a promise to yourself to sort this out.

Making a Will is as easy as picking up the phone and organising an appointment with one of our trained team. Here at Pearson we do things a little differently; our initial appointments are at the expense of the firm, as we believe that every person should have the opportunity to find out how they can protect their assets for their loved ones.  It can give you invaluable peace of mind, and you will be guided through all aspects, in order to make a Will that is right for you.

If you don’t make provision the rules of intestacy decides what happens with your assets, the people you love can be left out and people that you would not envisage benefitting from you estate, may in fact inherit.

With the absence of a Will people do not always realise that a surviving spouse will not necessarily inherit everything, an unmarried partner has no automatic entitlement, there is no such thing as a common law spouse inheriting, the family home may have to be sold, your children may be unintentionally disinherited. 

If you want to leave a treasured possession to a friend or relative, or have a new family member to consider, then making a Will is the only way to make sure they are considered.

It’s a fact, people are living longer and 23% of the UK will be over 65 by 2035, with an ageing population comes the perennial issues of making a Will but also changing the Will you already have as new members join your family or circumstances change. 

You may also want to consider a Lasting Power of Attorney and appointing someone to help out with managing your affairs and decision making for you should you become incapacitated, whether that be physically or mentally. Unfortunate events happen to people every day, and no one ever expects such things to happen to them, until they do. Ensure that you do not leave your family in a difficult position by creating a Lasting Power of Attorney in their favour.

So if making a will was your New Year resolution for 2019 it’s not too late and now is a good opportunity to consider all of the above and arrange a chat with one of our team.  Call now on 0161 785 3500.

 

Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

This blog was posted some time ago and its contents may now be out of date. For the latest legal position relating to these issues, get in touch with the author - or make an enquiry now.

Written by Zoe Johnson

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