This Dying Matters Awareness Week, we are encouraging everyone to talk about and plan for after their death. One of the best ways to plan for the future is to make a will. Unfortunately, we hear the same myths about wills time and again. So we’re here to clear things up and debunk myths about wills!
| Myth 1: Wills are for older people
Truth: We sadly cannot know what is around the corner. Making a will and otherwise planning for the future can give us peace of mind that once you are gone, your family and loved ones will be looked after exactly how you planned.
If you do not have a will and are not married, for example, your partner will not inherit anything. Making a will can make sure the people you want to inherit, do so. You can also decide who will look after any pets, and leave money for them.
| Myth 2: You only need a will if you are wealthy
Truth: Wills deal with much more than just “wealth”.
For example, in a will you can appoint guardians to look after children under 18 and trustees who will look after their inheritance until they reach an age that you can choose. Or if it’s your intention, you can ensure that if you are not married, your partner will still inherit your share in your home. You can also deal with personal effects and who inherits them. Likewise, if you have specific wishes for your funeral, you can note this in your will.
So wills are absolutely not only for the wealthy!
| Myth 3: Making a will is complicated and time consuming
Truth: With our online appointments and wills portal, making a will has never been easier. A client recently left us a 5* review and said,
“Andrew made us feel at ease discussing our wills. His knowledge & experience raised a couple of points we hadn’t thought of which was very helpful. I had been putting off this task but felt so relieved when it was all documented & registered.”
| Myth 4: You don’t need a will if you are married
Truth: If you don’t have a will your whole estate won’t necessarily go to your spouse. Depending on the size of your estate, your children may be entitled to a share. By making a will you can say exactly who inherits.
| Myth 5: I don’t need a will. If I leave it, it will all work itself out
Truth: This certainly might happen. But (and it’s a big but!), there is much more likely to be a dispute between your family and friends after your death if you have not made a will setting out your wishes. Making a will benefits you now, in that you know that the future is sorted. But it also benefits your loved ones, who will know exactly what you wanted to happen.