Why Write a Will?
Writing a will is a key part of estate planning. It ensures your assets are passed on to the people you choose, rather than being distributed under intestacy laws. Despite its importance, around 60% of UK adults do not have a will in place. Creating a will—and where appropriate, setting up a trust—allows you to name specific beneficiaries, decide how your assets are distributed, and appoint guardians for your children. This helps ensure your wishes are respected and your loved ones are looked after. At WealthMax Financial Advisers, we have extensive experience in trust and will services. We guide you through the process, helping you make informed decisions that protect your legacy and provide peace of mind. Legal and tax rules may change. Advice should be tailored to your individual circumstances to ensure suitability and compliance.
What we Offer?
While it’s possible to write a will yourself, there are several reasons to seek professional support. These include:
Legal Expertise
Professionals understand the intricacies of writing a will, while most laypeople don’t. They’ll ensure your document complies with all legal requirements.
Complex Situations
Your family situation may be complex and include business ownership or even overseas assets. A pro will ensure all aspects are addressed.
Avoiding Errors
The risk of ambiguities is increased when an unqualified person writes their own will. This could lead to disputes or challenges in the future.
Peace of Mind
Working with an expert gives you the peace of mind of knowing your wishes will be accurately documented and legally binding.
Updates and Amendments
As your life changes, so must your will. A professional can help you keep the document up-to-date and accurate.
What are Benefits of Will Writing?
No matter your age, writing a will is a responsible and valuable step in estate planning. It ensures your wishes are legally documented, helping to avoid uncertainty and reduce the risk of future disputes. Without a will, your estate may be subject to intestacy laws, which can lead to complications and delays.
Control Over Asset Distribution
Decide exactly who inherits your estate, avoiding default intestacy rulees.
Appoint Guardians for Children
Ensure your children are cared for by people you trust.
Minimise Family Disputes
A legally valid will helps prevent disagreements and delays during estate administration.
Tax Planning Opportunities
A well-structured will can support inheritance tax planning and help preserve more of your estate.
FAQs
Looking to Write a Will?
Wealthmax is here to help. Our advisers are experienced in will writing and can guide you through creating a clear and legally sound will. Contact us today to secure your legacy and ensure your assets are passed on according to your wishes.