L A Private Client - Providing Peace of Mind Through the Generations
Why make a Will?
Making a Will is the one simple way any person living in the United Kingdom can use their fundamental rights to pass on their property and wealth to whoever they wish upon their death.
It may be hard to believe, but not all countries allow their people this basic human right to decide who benefits after their death. Why then, when we are so proud of our democracy and freedom in the UK, do less than 40% of adults actually make a Will?
Research shows that there are many answers to this question, including some of the most common responses below:
· A concern that in some way making a Will could tempt fate and bring about an earlier death;
· A mistaken belief that your closest loved ones will automatically inherit after your death anyway;
· An assumption that Wills are only for the “rich and famous”;
· A feeling that “It won’t matter when I’m gone”;
· An unwritten understanding that “My family knows what I want and I trust them to follow my wishes”;
· Good old denial – “I just don’t want to think about dying”.
Whilst any of these thoughts are understandable, when balanced against the cost, both financial and emotional, of not leaving an up to date Will and the effect that this can have on your estate and your loved ones, most people do agree that making a Will and relieving some of the stress for those left after your death is well worth doing and provides invaluable peace of mind.
After all, as the saying goes, “death comes to us all in the end”.