Making a Will is something that most people consider at some point in their lives, but is something others either do not think need apply to them, or is put off for many years. If you die without making a Will you are said to have died Intestate, and by that time it is very obviously too late.
Some people put off making a Will as it is obvious who their estate should be inherited by. If a couple have lived together for many years, even though they are not married, their family and friends should know they want their estate to be passed on to the surviving partner. But the law may not see it that way. In law their is no such thing as a common law marriage.
Making a Will is therefor vital for those people who wish to leave their estate to a partner to whom they are not married. The person they wish to leave their estate to must be specified in the Will.
If a person has step children, they are also not automatically included in a Will leaving estate to children and grandchildren. Step children must be named in the Will.
Why make a Will? Even if a person thinks they have nothing to leave. If they do not own their own home, have no savings or investments, they should cover all eventualities. No one can predict the future, but making a Will does make things easier for the people we leave behind.
Friday, 18 March 2011
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