Why is Making a Will Important?
Research has shown that approximately 53% of UK adults do not have a Will, and around 70% of cohabiting couples in the UK have not gotten around to making a Will, meaning that the surviving partner would have no automatic right to inherit, unlike a married couple.
Many people overlook the importance of making a Will, either because they simply don’t have the time to do one, or because it can seem to be too much of daunting and distressing task. However, Will making is not a task that should be put off if you have specific wishes for your assets after you have gone. Even if you don’t think you have much of worth to leave your loved ones at the moment, this can change relatively quickly with an alteration in your circumstances.
If you have gone through the process of making a Will that sets out very simply who you would like to inherit should the worst happen, you have ensured that, whatever the value of your estate, your wishes will be followed after your death.