New Year's Resolutions

Every year, millions of people make New Year's Resolutions. One common resolution people make is to sort out their finances. 

Whilst paying off debts, boosting savings and pensions or cutting expenditure are high priorities, people often forget one very important element of financial planning – writing a Will. 

If you do not write a Will, your assets will be distributed according to strict legal rules, known as the Intestacy Rules. This means that the people that you would want to benefit from your estate may not do so. Whilst it may be possible to challenge these rules after your death, this is an expensive and long winded process which your loved ones may not be able to face at such a difficult time. 

You may feel that the Intestacy Rules do accord with your wishes, and so you do not need to make a Will, but you should be aware that a new Government may change the Rules.  

The best way to make sure that your estate is divided the way that you want it to be is to write a Will. If you already have a Will, you should think about reviewing it to take into account any circumstances that have changed since it was written. 

If you would like to talk about making or reviewing your Will, please contact our Wills & Probate team.