Wills
Why should you have a will?
It is essential that you have a Will if you own any type of property, Wills are an essential tool in ensuring your needs are met when you die. If you do not have a Will, then the Intestacy Rules will apply meaning that it is not your choice who inherits your assets.
If you are not married or in a civil partnership your estate will not automatically pass to your partner, and they could be left with nothing. If you have children, your Will will provide certainty of who will look after them and how they will be provided for.
Yes, a marriage/Civil partnership will void a Will so if you would like your assets to go someone else other thank your new Husband/Wife then you need to ensure a new Will is drafted.
When choosing an executor for your will in the UK, it’s important to consider several factors. Firstly, the executor should be someone you trust implicitly to carry out your wishes and manage your estate responsibly. They should also have the necessary organizational skills and attention to detail to handle administrative tasks effectively. Furthermore, consider the executor’s availability and willingness to take on the responsibilities involved, as well as their potential longevity to outlive you. It’s advisable to discuss your intentions with the chosen executor beforehand to ensure they are willing to accept the role. Making a Will
Yes, it is possible to include specific instructions for the distribution of digital assets in your will according to UK law. You can outline how you want your digital assets to be managed and distributed, including providing access details for online accounts and instructions for the transfer of cryptocurrencies or digital files. However, it’s essential to stay informed about the legal implications and potential challenges associated with digital assets in estate planning. Regularly reviewing and updating your will to reflect changes in your assets or circumstances is also crucial to ensure your wishes are accurately represented.
WILLS & PROBATE
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