Why Should I Make A Will
Ten Good Reasons For Making A Will.
1) Making a Will is the only way you can ensure that after death your estate will be dealt with in accordance to your wishes.
2) Executors and Trustees of choice can be appointed to deal with the administration of your estate. Where there is no Will, strict rules impose the appointments of Administration and your estate may be wound up by someone who you do not trust.
3) A Will speaks from the moment of death enabling an Executor to take certain immediate steps to reduce delay and distress.
4) Guardian of any choice may be appointed to ensure that the care of minor children passes to a chosen individual.
5) Provisions can be made for the financial support of under-age children with funds managed by a chosen individual.
6) Particular relatives and friends may be included (or excluded) and favourite organisations, such as charities, can benefit.
7) Specific provisions can be included to deal with particular assets such as businesses or agricultural property.
8) Provisions can be included to mitigate a potential Inheritance Tax Liability.
9) An earlier Will can be revoked.
10) By making a Will a person creates their own historic treatment which is kept as a record for future generations.
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