Why you should have a will
Have you made a will yet? Most of us don’t like to think about it, but a will can help protect those you care about after your death. You should make your will as soon as possible.
Nominating a guardian for your children
In addition to dividing your estate, a will gives you the opportunity to choose who you would like to take care of any children under 18. You can leave the decision to the court, which may choose someone with whom you disagree. For Family Law Solicitors London, visit https://bridgelawsolicitors.co.uk/divorce-and-family-law-solicitors/london/
Children’s financial aid
You can leave instructions to help provide for the financial future of a child. You may have some money that you would like to save for their education, their hobbies, or even to buy them their first house. You can also create a trust to give you more control over when and how the money is distributed. This won’t work if the will isn’t legally stated.
To provide for step-children
Did you know that only spouses or blood relatives are allowed to inherit without a will? You must include your stepchildren in your will if you want them to inherit anything from you after you die. Foster children are also covered by this rule.
Unmarried partners
If you do not have a will, your unmarried partner will have no right to any of your assets. You should make sure that your partner receives their fair share in your will.
Support those who are grieving
A will allows those who are left behind to finish the job without confusion, doubt or additional stress. It is a good idea to plan a funeral in advance. This will ease the burden on your loved ones.