Many people don’t give a second thought to making a will. This is either because they don’t want to leave their assets to anyone when they die, or because they don’t think the process is important. Whilst this is not a problem for someone who has no family or friends, it can be a headache for the relatives and friends of people who have a close-knit group they are leaving behind.
If you haven’t made a will yet, then now might be the time to start considering it. This is especially true if you are approaching old age. However, you can make a will at any age, which should be regularly updated throughout your life.Making a will in Hertfordshire is straightforward if you choose a reputable firm.
Read this helpful guide in order to understand the best reasons for creating a will.
You Can Safeguard Your Relatives’ Futures
The biggest reason for making a will is that you can help to safeguard your relatives’ futures, especially if you have a large amount of money to leave behind.
This money could be put to good use, rather than being left frozen in your bank account after you die. Relatives and friends cannot access your assets unless they are explicitly named in the deceased’s will.
This money might be used to care for your elderly partner if they need to go into a nursing home for any reason. It could also be used to help your children get a foot in the door on the property ladder, or help them pay for a new car that is needed to replace one that is well past its sell-by-date. The money could also be used to send the grandchildren to university, helping them to earn more in the future.
Whatever the reasons, your will can unlock the potential of the money that you leave behind.
You Can Help To Mend Broken Family Ties
If an estranged member of the family is named in your will, then this can help to mend the ties that have been strained or cut off completely. You might decide to leave them a lump sum of cash, but it doesn’t always have to be something of monetary value. You could leave them one of the family pets that they have an attachment to or some ornaments and paintings or yours that they have always had a fondness for.
This can help bring people closer together again, and hopefully, the family will remain close for years to come.
You Can Help Charitable Causes
One of the most generous things to do is leave money to charitable causes that are close to your heart. The money can be used to help the organisation in various ways. For example, the local dog pound might be able to invest in new kennels with the money that you leave behind. Or you might choose a national charity that can use the money to send goods to the less fortunate overseas.
Hopefully, this has explained why it is a good idea to write a will.