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ARTICLE · 13 JANUARY 2012

Why Make A Will?

Wedlake Bell LLP
Wedlake Bell LLP
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Wedlake Bell LLP

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A will is a legal document in which a person declares their intention as to what should happen to their assets after their death.

United KingdomFamily and Matrimonial

A will is a legal document in which a person declares their intention as to what should happen to their assets after their death.

You are not legally obliged to make a will, but if you own property or other assets, it is advisable to make one as it allows you to:

1. Avoid intestacy

If you die without a will in place, your assets will be distributed according to the intestacy rules. These rules are rigid and are designed to deal with the average estate, rather than taking account of individual circumstances.

Among other things, they:

  • may limit the amount that your spouse or civil partner will receive;
  • entitle unmarried partners to nothing; and
  • allow children to inherit at age 18.

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