Protecting Your Family’s Future

When it comes to planning for the future, many people put off writing a will, thinking it’s something they can deal with “later” or that it’s only necessary for wealthy individuals. The truth is, if you’re over 18 and have any assets, relationships, or responsibilities, you need a will. Here’s why taking this crucial step today could save your loved ones from unnecessary stress, expense, and heartache tomorrow.

What Happens When You Die Without a Will?

Dying without a will (known as dying “intestate”) means the government decides how your estate is distributed according to strict legal rules. These rules may not align with your wishes at all. For example:

• Your unmarried partner may receive nothing, regardless of how long you’ve been together
• Your children might not inherit your home if you’re married
• Someone you’ve lost touch with could inherit instead of those closest to you
• The process becomes more expensive and time-consuming for your family

In England and Wales, the rules of intestacy are rigid and often don’t reflect modern family structures or personal relationships.

Common Misconceptions About Wills

“I’m too young to need a will”

If you’re over 18 and have assets, relationships, or dependants, you need a will. Young parents especially need wills to ensure their children are cared for by the people they choose.

“My spouse will automatically get everything”

This is only true if your estate is worth less than £270,000 and you have no children. Above this amount, your spouse may only receive a portion, with the rest going to your children.

“I can write my own will”

Whilst legally possible, DIY wills often contain errors or ambiguities that can make them invalid or cause disputes. Professional will writing ensures your document is legally sound and clearly expresses your wishes.

“It’s too expensive”

The cost of not having a will far outweighs the cost of writing one. Without a will, your family may face higher legal fees, inheritance tax issues, and lengthy court processes.

Key Benefits of Having a Professional Will

1. Protect Your Loved Ones

A will ensures your assets go to the people you care about most. You can provide for your spouse, children, parents, friends, or charities according to your values and relationships.

2. Choose Guardians for Your Children

If you have children under 18, your will allows you to name guardians who would care for them if both parents die. Without this, the courts decide who raises your children.

3. Reduce Inheritance Tax

Proper estate planning through your will can help minimise inheritance tax liability, potentially saving your family thousands of pounds.

4. Avoid Family Disputes

Clear instructions in your will reduce the likelihood of arguments between family members during an already difficult time.

5. Speed Up the Process

A properly written will makes the probate process much faster and less stressful for your executors.

What Should Be Included in Your Will?

A comprehensive will should cover:

• Full details of your assets and how they should be distributed
• Guardianship arrangements for any children under 18
• Executor appointments – the people who’ll handle your estate
• Specific gifts to individuals or charities
• Funeral wishes and preferences
• Digital assets including online accounts and social media

When Should You Update Your Will?

Your will should be reviewed and potentially updated when you experience major life changes:

• Marriage or divorce
• Birth or adoption of children
• Death of a beneficiary or executor
• Significant changes in your financial situation
• Moving house
• Changes in tax laws

We recommend reviewing your will every five years as a minimum.

The Importance of Professional Will Writing

Whilst online templates and DIY kits might seem convenient, they can’t account for your unique circumstances. A professional will writer can:

• Ensure your will is legally valid and properly executed
• Help you consider scenarios you might not have thought of
• Advise on tax planning opportunities
• Store your will safely
• Provide ongoing support and updates when needed

Property Protection Trusts: An Additional Safeguard

If you own property, consider whether a Property Protection Trust could benefit your family. These trusts can help protect your share of your home from care fees whilst ensuring your spouse can continue living there.

Taking the Next Step

Writing a will isn’t about dwelling on mortality – it’s about taking responsibility for those you care about. It’s one of the most caring things you can do for your family, providing them with clarity and security during what will already be a difficult time.

At Jackson Giles, we understand that every family’s situation is unique. As a small family-run firm with decades of experience, we take the time to understand your individual circumstances and ensure your will reflects your exact wishes. We guide you through the entire process, making it as straightforward and stress-free as possible.

Don’t leave your family’s future to chance. Contact us today to discuss your will and estate planning needs.

Ready to protect your family’s future? Contact Jackson Giles today:

• Phone: 01332 215 151
• Email: phil@jacksongiles.co.uk

This blog post provides general information only and should not be considered legal advice. For advice specific to your circumstances, please contact a qualified professional.