If you choose not to draw up a will, then who decides who gets what? Often it may not go the way you would have chosen. To make sure your desires are fulfilled, you should to construct a will.

If you die without creating a will it’s the courts that determines how your estate is distributed. The intestacy guidelines are used and it could not be what you will have expected or wished.

If you are currently married or have a civil partner but no offspring and your property is worth a specific amount or under then your spouse would receive the total of the assets including any life insurance cover . If the property is valued above this threshold and you have existing family, your partner would still receive this amount, in addition to 50% of the surplus. There exists an priority in which family will inherit, with surviving parents being at the head of the list, followed by siblings and so on.

Should you have a spouse and offspring then your spouse would receive the specific amount as above and half of the remainder. The offspring would receive half of the total over the threshold immediately and the other 50% on the death of your partner.

Should you have offspring but no lawful spouse, then your offspring would divide the estate. This might not be what you’d have hoped. You could have a partner who relies on you and who you might have intended to receive at least part of your estate, who’d receive nothing.

To avoid all potential worry about your property, regardless of how straightforward it may seem, it would be prudent to construct a last will and testament. There are various ways to do this. You may build it yourself or hire a skilled will agent or a solicitor.

Often people build their own will, commonly using a form which you can obtain from the post office. Be wary should you proceed along this path – it’s surprisingly simple to make an error and you could even make it invalid. The price of having a will constructed, especially a comparatively simple one, is not excessive and you can be assured that your intentions will be realised.

A professional will agent or a solicitor will be experienced with handling all types of questions and will be able to help you. You might have enquiries about setting up trust funds and perhaps inheritance tax.
Now you’ve constructed your will, it’s a good idea to inspect it on occasion, as your situation changes. If you resolve to alter it, then it’s sensible to revoke your existing one and have it re-written. If the amendments are small, it may be more straight forward to construct a codicil to make a part of the last will and testament and to be used in association with it. Any codicil will have to be written in the same way as the will in regards to signatures and witnesses.

Please be aware that any health insurance will terminate on the death of the will holder and no value will be attributed to It in the will.

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