There are many reasons you should have a will. Here are some examples.
- You’ll decide how your estate is distributed.
This can be updated and amended if and when you need to update. If you don’t have a will in place, the distribution of your possessions will be decide for you by the state.
- Appoint guardians and make financial arrangements for young children.
Whether your appointing a guardian for your children, or securing a financial safety net for your grandchildren, a will can give you the piece of mind of knowing they will be cared for properly.
- Manage your affairs to be tax efficient.
A gift in your will can help cut the amount of inheritance tax owed. Talk to a solicitor to learn more.
- You can support your favourite charities.
Leaving a gift in your will can help charities fund their services long into the future. Gifts helped Ardgowan provide over 13,056 hours of vital care last year.
- Reduces stress for loved ones after your death.
The death of a loved one is a difficult time for any family emotionally. A will reduces the burden of the difficult decisions and arrangements they would otherwise have to make on your behalf.
- Manage your digital legacy
You can manage how your bank, social media, cloud, streaming, gaming and more accounts are handled after your death. This can range from deletion to the passing on of passwords or memorialising the account.