Why it’s crucial to make a will and keep your will up to date

The news is awash with concerns over terrorism. There are articles warning of the potential for terrorist attacks on the beaches in Europe and of bomb drills taking place in advance of the UEFA European Football Championship. People have long held a fear of flying and of plane crashes and these too are in the news. Then there is the potential for accidents driving abroad, unusual accidents or deaths from drinking too much, heart attacks in the heat and the list goes on.

This all means I have had a number of enquiries for Wills by people organising their affairs before going away. My own Will was prompted by going away on holiday abroad with my husband on a weekend break without our daughter. My husband and I used it to appoint a guardian for our daughter, to make sure we chose sensible trusted people as executors to manage her inheritance whilst she was a minor and to state how old she should be before receiving the monies.

There are many reasons why people need a Will. Lots of couples cohabit and should make sure the right inheritance provision is made for partners and children rather than rely on the intestacy rules. There is no such thing as a common law marriage after 2 years living together despite this being a widely held belief. There are many single men who have children who may wish to name trustees to manage their child’s inheritance until they are of age.

Keep your will up to date

Other people have made Wills long ago and never reviewed these meaning they no longer reflect their current circumstances or instructions. They may no longer see or get on with the people appointed as Executors. They may have made specific gifts of money to friends or relatives that they no longer wish to give due to changes of financial or other circumstances. Family members fall out and grow estranged. People marry or divorce. People have children or grandchildren.

Making a Will does not have to be difficult. Even where people are uncertain they can be straightforward and quick to do with advice from a Solicitor. Usually people come in to discuss the contents then I prepare a draft and they come back in to sign this. Planning in advance is best to ease any pressure though I do my best to help where I can. One at short notice was signed the evening before my client flew out in the early hours of the morning.

So if you are “shopping” for a Will please call to see how I can help.

Wolf Law, Champion, Arrowe Brook Road, Wirral CH49 0AB. – 0151 375 9944. www.wolflaw.co.uk