Death leaves a heartache no one can heal,
love leaves a memory no one can steal.

Death leaves a heartache no one can heal, love leaves a memory no one can steal.

Will Writing & Power of Attorney

Our ‘Why Make a Will’ guide is designed to take yout through an informative journey, allowing you to make your own decision about which will is right for you. We have also provided few downloadable guides that will help explain the process of will writing. If you have any questions we, as our name suggest, here to help.

WHY MAKE A WILL?

BLANK (So all sectinos closed to start)
DO I NEED TO MAKE A WILL?

It is a well-known fact is that a WILL is the most important document anyone will ever write but it is also something we all tend to put off till ‘later’, and ‘later’ could be too late because dying without a WILL is not without its consequences:

  • Your estate (your money, possessions and property after you die) however big or small will be distributed according to law.
  • This will be based on INTESTACY* (ruled by law) and NOT as per your wishes
  • It is costly and stressful for the family members
  • If children are minor / disabled, then the court decides who parents them
  • It is NOT tax efficient
  • Unmarried partners receive nothing
  • Your funeral wishes will not be carried out
WHAT IS INTESTACY?

Who can inherit if there is no will – the rules of intestacy: When a person dies without leaving a valid will, their property (the estate) must be shared out according to certain rules. These are called the rules of intestacy. A person who dies without leaving a will is called an intestate person.

Citizens Advice say this on the subject.

In short, it is highly advisable by the UK Government for everyone to have a Will written prior to death. If you do not have a Will prior to death, then the rule of INTESTACY will come into play.

Click the link below, follow the questions on the Government website to show you what would happen to your estate if you died without a will.

https://www.gov.uk/inherits-someone-dies-without-will

 

I HAVE A CURRENT WILL – IS IT VALID?

According to the Money Advice Service (see here) a will document is a valid will if it:

  • Says how your estate should be shared out when you die
  • Was made when you were able to make your own decisions and you weren’t put under pressure about who to leave things to.
  • Is signed and dated by you in the presence of independent witness(es), and then signed by the them in your presence – the witness(es) can’t be people who are going to inherit anything from you (or their husband/wife or civil partner).

If you are unsure if your current will is valid please contact us on 0141 248 9787 or email admin@theinsurancehelpline.org.uk for a free of charge ‘Will Checking Service’

THE 2 TYPES OF UK WILL

SIMPLE WILL

  • Your assets are small in value, not affected by tax law.
  • You do not expect anyone to contest the will based on fraud, duress or lack of mental competency

COMPLEX WILL

  • Your assets are high in value, may be affected by tax law.
  • You wish to establish a special needs trust for a child with a disability.
  • You expect to accumulate more assets.
  • You have no one in your life to pass your estate to.
  • You have a previous spouse / partner.
  • You want to create a mirror will with your spouse.
  • You own a business.
  • You want to set up a trust so that your children receive a certain sum of money at a particular age.
  • You want leave money for Pets.
CAN YOU MAKE YOUR OWN WILL?

At this stage in your journey you should be aware of your need for a will and which type of will. The next question is whether you can do it yourself or you need a profesional and the guide below should help you make that decision.

You have now come to the end of our guide and should have a better ideas of what you wish to do. It is our aim to provide you with as much help and advice as you need to make the right decision for you and your beneficaries.

If you have questions not answered her or wish to start the process (either DIY or advised) the get in touch by calling 0141 248 9787, texting 07977 489 368 or emailing admin@theinsurancehelpline.org.uk.

RELATED INFO


OPTIONS FOR WILL STORAGE

Download here

INTESTACY RULE SCOTLAND
Download here

INTESTACY RULE ENGLAND
Download here

TERMS OF BUSINESS
Download here

 

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t: 0141 248 9787
e: questions@theinsurancehelpline.org.uk
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CONTACT US
t: 0141 248 9787
e: questions@theinsurancehelpline.org.uk
w: www.theinsurancehelpline.org.uk

WRITE TO US
54a Balshagray Drive
Glasgow
G11 7DA