Wills
Benefits and considerations for having a will
Benefits of making a will
You avoid costly and lengthy delays in distributing your estate.
You can list specific instructions such as donations to charities or making funeral arrangements.
Removes any doubt over who will inherit what helping you to know for sure your loved ones will be looked after.
Removes both the financial and emotional burden from your loved ones.
What if I don’t have a will
Your estate will be distributed in accordance with the laws of intestacy.
These laws govern what happens to your estate and they follow strict rules
If you do not have a will your loved ones may not inherit as much as you want them to, or they may inherit nothing at all.
How does releasing equity affect my will?
Taking out equity release reduces the value of your estate and, consequently, money paid to your beneficiaries. This means when it comes to your will, you may need to leave behind a percentage rather than a specific sum. This is because a specific sum will be based on the value of your home. when releasing equity, this sum will change. Using percentages will allow the sum to change alongside the value of your property, so once the house is sold, and the money is repaid to the lender, the remaining inheritance can be divided as requested.
It is important for you to make a will whether or not you consider you have many possessions, property, or assets. Arranging your Will is not difficult. Our experts will listen to your wishes over the phone and put together bespoke documents that suit your personal circumstances. Complete the form below and a member of the team will be in touch shortly
