This November, you can ask a Will Aid subscribed solicitor to write or update your will in return for a voluntary donation helping nine associated charities (click here for details). Regardless of how much wealth you consider yourself to have, or at what stage of life you are at it is vital to make a will then keep it up to date as circumstances change.
If you die intestate (without a will) certain rules will determine how your assets will be shared out which might not be how you would have wished. Also there can be delays settling the estate, and issues causing beneficiaries and families a great deal of stress.
There are many good reasons why it is essential to have a will in place. For example unmarried couples with no registered civil partnerships should have a will in place to ensure the surviving partner can inherit. Couples married or otherwise with children need a will to outline arrangements if one or both parents die.
A will can also be an important financial and tax planning tool. For these, and many more reasons, it is important you seek advice from a solicitor rather than go down a DIY route with a will writing pack. A will can also enable you to support causes and charities after your death. To find a solicitor to write your will for a donation visit this website.
Also find some interesting statistics and case studies relating to the topic in this BBC article.
It is important to take professional advice before making any decision relating to your personal finances. Information within this article does not provide individual tailored investment advice and is for guidance only. We cannot assume legal liability for any errors or omissions it might contain. Ethical Futures llp is authorised and regulated by the Financial Conduct Authority.