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Writing Wills And Why They Matter
According to statistics almost two thirds of British citizens have not written their wills, which is a bit of a worry, especially in these troubled economic times. Without a legally binding will, the aftermath of your death can be made even more unpleasant for your family and friends than it would normally be, and can sometimes cause fallouts and even full-blown family feuds as people fight and argue over what should go to whom.
Wills are simply legally-binding documents which detail your express wishes as to what happens to your estate after your death, who gets what and how everything is divided once all outstanding loans and overdrafts are taken care of. Without a will, you have no say in where your possessions go after your death and this can be a stressful and expensive time for all involved as your estate becomes subject to mandatory distribution rulings by the courts.
The estates of those who die without wills are subject to seemingly arbitrary laws, such as if the individual dies without children, the spouse is only entitled to the first 200,000 pounds of their assets and half the remainder and the rest is divided up amongst other relatives such as parents or siblings. Worse yet, if someone dies unmarried and without children, all assets can be seized by the government and without writing a will, there is no way to prevent this.
Writing wills is not the easiest task in the world and the laws involved can sometimes be difficult to navigate, which is why it is often suggested that a solicitor or specialist will writing company is consulted to assist with the process. Having people who understand the laws and the potential pitfalls of the process to support you during the creation of your will can be a huge benefit and can give peace of mind to all involved, knowing that the beneficiaries of your estate will be the right people and can hopefully avoid the fallout which can sometimes happen when people die without a will.
Will writers can often be hired for far less than you may expect and the service they provide can be invaluable for all involved, from the perspective of peace of mind and ensuring that the right people benefit, hopefully meaning that the aftermath of your death is no more stressful than it needs to be for those that you have left behind.
About the Author Anna Stenning is a solicitor with many years of experience helping people with their will writing. Find out more about wills at http://www.willdrafters.com/
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