As the New Year fast approaches, many of us start reflecting on what we want to accomplish in the year ahead. From getting fit to learning new skills, resolutions are a great way to focus on personal growth. But one resolution often overlooked in favour of more exciting resolutions, is creating or updating your Will.
A Will is an essential document to ensure that your wishes are honoured after you’ve passed away. It can provide peace of mind for both you and your loved ones, sparing them from confusion, stress, and potential conflict during a difficult time. Whether you have assets to pass on, minor children, or just want to ensure your belongings go to the right people, having a Will in place is key.
Here’s why making a Will should be at the top of your New Year’s resolution list:
- Peace of mind: Knowing that your affairs are in order can alleviate the worry of leaving things unsettled.
- Protect your loved ones: A properly drafted Will can help your family avoid unnecessary stress and legal complications when the time comes.
- Ensure your wishes are followed: Without a Will, the rules of intestacy will decide how your estate is divided. A Will allows you to control the distribution of your assets, from your hard-earned savings to personal mementos.
- Save your family time and money: A well-prepared Will can reduce the time and cost of legal proceedings, making it easier for your loved ones to carry out your wishes.
Putting a Will in place doesn’t have to be overwhelming. As we step into a new year, why not make the resolution to finally tick this task off your to-do list. Contact our Private Client team on 01245 228125 or privateclientenq@gepp.co.uk to see how we can help.