Will Friendly Guide –
Why making a Will
At My Finance Friend we take a fresh and simple approach to providing you with the very best financial advice in the market.
The only person who will take care of the older person you will someday become is the younger person you are now.
Making a Will means that you can have the peace of mind that someone you trust (called the ‘executor’) will take care of things when the time comes. This means that not only do you get to decide who gets what but also any young children are looked after by guardians you know and trust and your loved ones receive as much as you wish to give. We can make sure that everything you have worked so hard to create is protected.
What happens if I don’t write a Will?
In circumstances where a Will has not be written before death, sorting out what happens can cause endless difficulties, friction and unease during an already traumatic time.
There are many things to consider before you write a Will but if you are considering not writing one please remember:
- You will have no say in who manages what happens after you die
- Your wife/husband/civil partner will only receive £250,000 if you have other surviving blood relatives (i.e. children, grandchildren, parents or siblings)
- If you do not have blood family the Government may end up with your possessions
- You will have no say in who looks after your children
- You cannot be sure that the people you want to look after will benefit from your wishes
Please take advice from a professional. Once we have assessed your requirements, we may refer you to a third party for further advice and support.