Here are some of the key reasons you must consider writing a Will
- If you want to be sure your wishes will be met after you die, then it’s important you have a will. A will is the only way to make sure your savings and possessions (your estate) go to the people and causes that you care about.
- If you die without a valid will, you have no say in what happens to your estate. Instead, the 'Rules of Intestacy' will divide your estate in a pre-determined way and this may not be to people who you wished to benefit. It also may not be carried out in the most tax-efficient way.
- As an Expat, there are even more reasons to have a valid Will in place. Different countries have different rules around inheritance, property and tax. You need a Will that protects your assets as much as possible and ensures that your wishes are carried out in regards to your estate.
- Losing someone is incredibly hard, and the last thing any of us want to do is spend those hard times haggling with lawyers and family members. Making a Will keeps your loved ones from having to deal with bureaucracy in a time of sadness.
- A Will can help reduce the amount of Inheritance Tax that might be payable on the value of the property and money you leave behind.
- Writing a will is especially important if you have children or other family who depend on you financially, or if you want to leave something to people outside your immediate family.
- Many people just can't face the prospect of contemplating their own mortality but making a Will is not a harrowing process and it doesn’t mean you are going to die!
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