Writing a Will is surrounded by many myths and misconceptions, generally leading to much confusion and frustration, and recent research has revealed that 68 per cent of people think they are too young to make a Will, and 20 per cent believe they have no assets to pass on.

Birmingham Live reports that there are many reasons to write a will, such as if you have children, specific funeral wished, or you are not married to your partner. We have a look at some of the common misconceptions about writing Wills.

 

There is nothing to pass on

Many people think Wills are for people who have properties or vast bank accounts. But even if you don’t own impressive assets, you may have some money saved or some belongings that you do want to pass on.

 

Relatives will divide the assets by themselves

Without a Will, there is no guarantee that your family will be able to divide your assets. Your estate, however big or small, would pass according to the rules of intestacy, meaning the government will write a will for you.

 

It is a daunting process

It might seem daunting, but it need not be saddening. Making a Will can provide you with peace of mind to know that your affairs are in order and that your loved ones are taken care of.

 

Only elderly or ill people need to write a will

Wills are for everyone over the age of 18. A Will is also an important and useful document to appoint guardians if you have minor children.

 

Everything will go to my partner

If you do not have a will, there is no guarantee that your spouse will inherit your estate and assets, and the rules of intestacy will determine how your estate is distributed.

 

If you’re looking for Will writers in Colchester Essex, get in notch today!


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