What is the purpose of a Will?
A Will is a legal document that specifies who inherits from your estate when you die.
Your Wills provides for:
- Who inherits your property, money, possessions and investments;
- Who will deal with administering your estate and carry out your wishes (your Executors);
- Any specific funeral directions you may have;
- Who will act as a guardian for your minor children if they are under 18 years old when you die.
Your Will can also provide for specific gifts of items or sums of money for family, friends and charity.
You can also ensure that by way of your Will, a vulnerable or disabled beneficiary inherits from you but that their entitlement is safeguarded and controlled by trusted persons of your choice.
Do I need a Will?
In 2018, over 31 million UK adults did not have a Will in place.
When someone dies without leaving a valid Will, special rules called the “intestacy Rules” will apply and establish who inherits from you.
Intestacy Rules make no provision for unmarried partners and stepchildren and do not provide protection for vulnerable or disable beneficiaries.
How do I make a Will?
To find out more about how to make a Will, please visit our dedicated Wills page or contact BBH Legal on 0800 051 4218. Thompsons' Wills service is provided by BBH Legal Services Limited, a subsidiary law firm wholly owned by Thompsons.