Making a will is one of the most important steps you can take to ensure that your wishes are respected after you pass away. Yet, many people in England and Wales delay writing one, often assuming it’s something to be addressed later in life. In reality, having a valid and up-to-date will provides peace of mind, protects loved ones, and can prevent disputes during what is already a difficult time for families.
In this blog, we explore ten key benefits of having a will and explain why it’s worth considering sooner rather than later.
1. You Decide What Happens to Your Estate
Without a will, your estate is distributed according to the rules of intestacy. These rules are fixed in law and may not reflect your personal relationships or intentions. For instance, under intestacy, unmarried partners and stepchildren do not inherit anything automatically.
By writing a will, you choose who benefits from your estate. You can leave specific items to individuals, allocate certain amounts to family or friends, or include charitable donations. It puts control firmly in your hands.
2. Appointing Guardians for Children
If you have children under 18, your will allows you to appoint legal guardians. Without a valid appointment, the decision may fall to the courts – and might not reflect your wishes. By naming guardians, you provide clarity and reassurance for your children’s future.
3. Avoiding Family Disputes
Family disagreements about inheritance are sadly common. A clear, legally valid will can reduce the risk of conflict by setting out your wishes unambiguously. If needed, you can include explanations to help avoid misunderstandings or resentment.
4. Minimising Inheritance Tax
With the right legal advice, a will can help reduce the amount of inheritance tax your estate might owe. Making use of allowances, exemptions, or trusts can help ensure more of your estate goes to your beneficiaries rather than HMRC.
5. Providing for Dependants
A will ensures that those who depend on you financially are not left vulnerable. You can leave money to your partner, children, or others, and include special arrangements such as trusts for people with additional needs.
6. Funeral Wishes and Personal Messages
Though not legally binding, your will can outline your funeral preferences. This helps loved ones during a difficult time by making decisions easier. You can also include personal letters or explanations to support your choices.
7. Appointing Executors You Trust
In your will, you name executors – the people responsible for handling your estate. This gives you the chance to choose someone capable, trustworthy, and organised. If you don’t appoint anyone, the courts will decide who takes on the role, which may not be who you would have picked.
8. Protecting Family Businesses or Property
If you own a family business, second home, or investment property, a will allows you to set out how these should be dealt with. This is especially important where multiple parties have an interest. You can prevent forced sales or disputes by being clear about who inherits what and under what conditions.
9. Supporting Charities and Causes That Matter to You
Many people choose to leave gifts to charities in their will. Whether it’s a local cause or a national organisation, your will is a chance to continue supporting what matters to you. Charitable gifts can also reduce inheritance tax liability, as they are exempt and may increase the threshold for the rest of your estate.
10. Peace of Mind
Ultimately, having a will in place brings peace of mind. You’ll know your affairs are in order, your loved ones are protected, and you’ve made it as straightforward as possible for them to manage things when the time comes.
Speak to Our Wills and Probate Team
At Dudden Law, we provide clear, tailored advice to help you prepare a will that reflects your wishes and protects your family. Whether you’re writing a will for the first time or updating an existing one, our experienced team is here to guide you through the process.
For the remainder of May, Dudden Law is offering a professionally drafted standard will for just £99. This is a great opportunity to get your affairs in order with the support of our experienced legal team. Whether you’re starting fresh or updating an old will, we’re here to help make the process straightforward and affordable. Get in touch today to book your appointment.
To book an appointment or find out more, get in touch today.
Written by
Carrieanne Greenway
Client Manager
