Is it Ever too Early to Make a Will?

Ever too early to write a Will?Is it too early for Christmas lights and Christmas music? The age old debate. There are still many that believe that even in the middle of a global pandemic, Christmas, and all that goes with it, belongs very firmly in December and there are equally those that believe that Christmas can never come too early and will begin bedecking their houses as Halloween ends. There is no right answer.
Is it ever too early for you to make a Will though? There is a right answer and that is-no! It is estimated that over half of British people do not have a Will. Around 60% of parents do not have a Will. This means that these people will die intestate and their estates will pass under the statutory intestacy rules. The statutory intestacy rules allocate your estate to those left behind in a strict order. Did you know that there is no provision in the intestacy rules for an unmarried partner? They will inherit nothing.
Yes, we are in the midst of a global pandemic so of course having a Will is sensible just at this moment. Outside of this, however, there are numerous other reasons to make a Will. If you want to make sure your money goes to the right people, if you want to benefit your partner to whom you are not married, if you want to appoint Executors, if you want to appoint guardians for your children under the age of 18, if you want to leave gifts to your grandchildren and there are more, then none of these will happen under the statutory intestacy rules.
So, even if you believe it can be too early to start Christmas, suffering some twinkly lights, Mariah Carey’s top G or even Hugh Grant’s Prime Minister in Love Actually before the 24th December is not going to impact you or your family’s life, save for perhaps some mild grumpiness and irritation. Leaving your loved ones to sort out your affairs and administer your estate without a Will, on the other hand, will have an enormous impact and could leave them without support and money at what is already an unimaginably stressful time in their lives.
Contact our Private Client team today on 01227 813400 and let us, help you, help them.