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If you own any assets or are married, divorced, living with a partner and own shared assets (eg a house) you really need to make a Will . Here are some reasons why you should make a Will.
When you make a Will, you choose who will inherit your assets and how they are shared out, not the government. If you die without a Will, your assets will be given to others according to the Government laws on Intestacy. ( Intestacy means not having a valid Will.)
You can avoid paying too much inheritance tax.
If you do not make a Will, depending on your worth, your partner could end up sharing your estate with your children or your parents!
When you make a Will, your children under 18 will be looked after by guardians you have chosen, not someone chosen by the Courts and Social Services.
Without a Will, an unmarried partner could get nothing and all your assets could go to parents/brothers/sisters or even to the state, if you have no relations alive.
· Why you should make a Will
· Property & Inhertitance Tax
· Lifetime & Beneficiary Protection
· Estate Preservation Programme
Warning: Wills and Will writing are not regulated by the FSA