Anthony Dowsett trading as Lowndes Financial Solutions is an Appointed Representative
of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of Advance
Mortgage Funding Limited which is authorised and regulated by the Financial Conduct
Authority. The guidance and/or advice contained in this website is subject to the
UK regulatory regime and is therefore restricted to consumers based in the UK
Why do I need a Will?
The vast majority of people put off making a Will for a variety of reasons, either
believing that the people they would wish to inherit will automatically do so, or
because they don’t think it is relevant to them at this particular time. The reality
is that you can put off making a Will until it is too late and this poses all sorts
of problems for the people left behind and could mean that some or all of your inheritance
either goes to the wrong person or to the state.
Affording you Peace of Mind
Making a Will affords you peace of mind and enables you to plan exactly what will
happen to your property (estate) following your demise. This ensures that those you
would like to benefit actually do so, in accordance with your wishes and at the same
time avoiding any possible disputes between relatives.
Who needs to make a Will?
The answer is almost everyone. In particular, anyone with dependant relatives, (children
under the age of 18, elderly relatives or relatives with a disability who have special
needs), anyone who owns property or has any type of asset which you would wish relatives,
friends or charities to benefit from. Don’t be under the misconception that a spouse
or children always automatically inherit your estate, set rule can be applied to
determine who inherits what if you do not make a will.
This is called dying Intestate. There are specific rules of intestacy which set out
who will inherit and by how much if you do not leave a valid will, this may not be
what you would have wished and in the worst case scenarios where relatives cannot
be traced, your assets will be taken by the Crown.