Will & Estate Planning
Many people put off making a will, after all, it tends to be a discussion around a subject none of us like to think about. However, the importance of making a will cannot be underestimated. If you die without a will your assets will be distributed according to the law rather than your wishes. This could mean that your partner receives less than they expect or that money or assets are distributed to family members who either may not need it or indeed you would not want to receive it.
What are the rules of intestacy?
When a person dies without leaving a valid will, their property (the estate) must be shared out according to certain rules. These are called the rules of intestacy. A person who dies without leaving a will is called an intestate person. Under the rules of intestacy only married or civil partners or other close relatives can inherit.
If someone makes a will but it is not legally valid, the rules of intestacy decide how the estate will be shared out, not the wishes expressed in the will.
In today’s modern society making a will is more important than ever before. Estates are often worth more than expected due to growth in property prices and long term partnerships and second marriages are common. Add to that the issues surrounding inheritance tax, nursing home or care fees and the possibility of children or loved ones not inheriting at all and the importance cannot be overstated.
A properly written will ensures that your wishes are fulfilled when you pass away. It can protect against inheritance tax, care home and nursing fees and look after long term partners who would be ignored if a will was not in place.
At Financial Bliss we have carefully selected partner firms who will ensure that your needs are taken care of. Consultations can be arranged either face to face or over the telephone, depending on your requirements.





