Planning ahead: Making a Will
Making a Will
Making a Will can help you put your affairs in order. It gives you control over where your money and assets go after you die and can also reduce the tax paid by your estate. Making a will is particularly important if you:
- are married or have a partner
- have children
- own a house or anything of value or sentimental value
- have company benefits/insurance policies
- support a charity and want them to benefit when you die.
What happens if you don’t make a will?
If you die without making a will, the government has laid down strict rules (the Intestacy Rules) which dictate how your estate must be distributed. This could mean that those you hoped would benefit might receive nothing at all.
Further advice about wills – choosing a solicitor
A solicitor would be able to offer you advice about making a will and other financial planning. If you don’t have a solicitor, the names and addresses of local practices can be found at Gov.UK, the local telephone directory, your local library or the Wiltshire Citizens’ Advice Bureau.
Create date: December 2016; Last updated March 2018