Be Smart, Protect Your Legacy, Write Your Will

Let’s talk about death

Death is definitely a strange topic to talk about. Most people do not want to face the idea that they will one day, sadly, pass away. For many, the pain of losing a loved one on the past means that they will happily avoid talking about the subject whenever possible. Despite this, being curious and talking about death is a natural thing and in terms of money and finance it is a very smart idea.

Wills are not just for elderly people

Most people will assume that they must only create their will when they are older, perhaps at retirement age, and will simply not think about the idea until then. Sadly, however, death is not just reserved for those that have already lived a long and happy life. Having a will at all stages of your adult life is be considered smart and money-wise.

Wills are actually legal from the age of 18 and although they are not a legal requirement, 70% of the people that died in the UK last year did not have a will. This highlights how important it is for people to get Estate Administration legal help and write a will as soon as they can. Especially for those working dangerous jobs, a will can not be left too long. Without one, it means that for people who pass away, their family will have increased stress in sorting out their money, property and belongings. Not only that, but the government may struggle to ensure that such assets are given to the person that the deceased would have nominated.

Reasons to have a will

Children – if you have children that will need to be cared for in case of an untimely death, you should nominate funds and in certain cases even allocate a person to help to ensure their future.

Income, assets and property – it is important to nominate who you would like your assets to go to to prevent your loved ones having to participate in complicated legal battles should you pass away.

Avoid tax – should you pass away without a will, there are complex laws in place which may see loved ones having to pay a large fee to release your assets from the government.

Writing a will – a simple ‘how to’

You are able to write your own will as a document and lay out what you wish to happen should you pass away. However, since a will is intended as a legal document, you must be certain that it meets all the legal requirements to make it valid. This can be a very complicated procedure and most will struggle to achieve an adequately written will without the help of a law professional.

A more simple and reassuring way to create your will is to actually invest in the help of a will-writing company to help you to design and execute your wishes. You may wish to enlist the advice of Trusted Will Writers who can ensure everything is laid out precisely and legally.

A skilled professional in will writing understands the critical elements necessary to create a legally valid will. For instance, they are knowledgeable about jurisdictions that may necessitate a thorough search for all potential heirs during the will-making process. If you fall under such jurisdiction and you’ve lost contact with certain heirs, a proficient writer can formulate a strategy. They may advise considering the support of people tracing services to locate these distant relatives effectively — you can Click here to learn more about this subject matter.

Conclusion

Leaving a lasting legacy through a will isn’t solely about bequeathing assets to known individuals; it’s an opportunity to extend generosity and appreciation to causes that hold personal significance or reflect one’s values. It’s increasingly common for individuals to include charities and organizations in their wills, a noble gesture that not only supports essential causes but also serves as a testament to their compassion and commitment to making a positive impact on the world.

Charitable bequests in wills provide a powerful means to say ‘thank you’ to organizations that have touched one’s life, whether through vital services, educational initiatives, or meaningful advocacy. It’s a way to express gratitude for the support these entities have provided to the community, for advancing research, championing social causes, or enriching lives in myriad ways.

These charitable bequests also inspire family members and loved ones, serving as an example of the importance of giving back. It encourages a culture of empathy and community engagement, instilling values that transcend generations.