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Imagine for a moment that you pass, leaving behind a spouse and children. If you don't have a valid Will the chart above explains where your estate goes. If you are simply partners, then your partner will get nothing and lose the roof over their head...
70% of UK residents die without a Will, causing complications. Only 30% understand the benefits of having a Will. Dying without a Will means the government decides how your Estate is distributed.
This can lead to partners and loved ones receiving nothing.
Without a Will, you lose control over your estate's distribution and face potential tax liability. Having a Will and Estate Plan provides peace of mind, protects children, minimizes tax, and ensures your wishes are executed. It also reduces the Probate process, safeguards assets, and minimizes Care Home Bills and Inheritance Tax for beneficiaries.
Ultimately, it's about taking control of your last journey and not leaving a mess for others to sort out.