Plympton Community Magazine, March 2023
23rd February 2023
Mother’s Day Gifts
24th February 2023
Making a Will advice from Avalon Legal
Having a Will in place before you die has so many benefits to you as well as your loved ones. We spoke to Avalon Legal to find out what these benefits are and when you should consider making a Will.
Avalon Legal
– Colin & Karen Wells
What are the key benefits of having a Will in place?
Writing a Will allows you to have control over what happens to your property, money and belongings after you die, leaving the estate to who you want to inherit, rather than those you do not which could happen under the rules of intestacy.
For example, Mrs Smith is estranged from her eldest child and does not want them to inherit. By making a Will Mrs Smith can put this in a Will, however if she were to die without a Will then her estate could be divided equally between her children including the disinherited one or go to distant relatives with no claim on the inheritance.
When should you consider making a Will?
Ideally, you should write your Will at the earliest opportunity, for example leaving school and starting work or going to university at the age of 18, marriage, entering a civil partnership or even co-habiting, having children, buying property, divorce, re-marriage, death of a loved one, receiving inheritance or other form of major income. Statistically at least 60% of the UK population between the ages of 18 -80 DO NOT have a Will in place and fall into the realms of intestacy.
