2018 started with a bang, actually a few of them as fireworks lit up the skies around the world. Since New Year’s Day the time seems to have flown by and the team here at the SWW HQ are wondering how many people have already forgotten to keep their New Year’s Resolution.
Whether or not you made the resolution to write your Will in 2018, it’s certainly a good idea. Whilst we would encourage you to write your Will as soon as possible we appreciate that for some, the financial constraints of Christmas will be leaving some families feeling the pinch for another month or so yet.
There are many reasons why writing your Will is a good idea and January can often see a spike in Will Writers workloads as family feuds of Christmas spark changes in gifting wishes.
If you have minor children you might want to consider writing a Will. This will allow you to appoint guardians in your Will.
A Will is a great tool to mitigate tax.
If you would propose to give money to someone you consider financially irresponsible then your Will could include a discretionary trust where the power to drip feed money to this person is left in the responsibility of someone more financially experienced or trustworthy.
Your Will would allow you to appoint people or an organisation you would like to handle your estate when you’re no longer around.
If you have remarried and have children from a previous marriage then a Will would ensure that if something happened to you, your children would not be disinherited.
Funeral planning is often included within your Will. This can save your family all sorts of heartache by giving a little thought to your funeral wishes. These can be listed in your Will or a letter of wishes.
If you would like to ensure that you can leave a lasting legacy with a charity then writing your Will is vitally important.
These are just some of the reasons you may like to write a Will in 2018.
For more information please speak to an SWW member or call our office on 01522 68 78 88.