40% Increase in UK Intestacy Cases Over the Last 4 Years!
Dying without a will, is known as dying intestate. This means that if you don’t have a Will in place, you won’t have a say in what happens to your money, property and possessions upon your death.
The number of intestacy cases, in England and Wales, is rising sharply, according to the latest figures from HM Courts & Tribunals Service (HMCTS). Latest research shows 6 out of 10 people still haven’t made a will, even though most recognise how important it is to have one.
Why are People Putting Off Writing their Will?:
The reasons for putting off writing a will vary with the most common reasons as follows:
Procrastination – People feel uncomfortable confronting their own mortality
Perceptions of Complexity and High Expense – People believe it to be both a complex and expensive process
Family Dynamics – With evermore extended and split families, many people put off will writing because of family relationship complications
Ignorance – Many people still unaware of the full extent of the consequences of not having a will
The Ramifications of Not Having a Will
It can make dealing with your estate more complicated and stressful for your loved ones.
If you die without a will, your estate may not necessarily be passed on as you'd have hoped – or to those who need it most.
Generally, a spouse or civil partner will inherit most of your estate, but unmarried partners aren’t entitled to anything. Children and then grandchildren tend to come next.
Probate time and costs are increased since the estate needs to be distributed according to England and Wales intestacy rules. The court will need to appoint an administrator from the deceased’s closet living relatives and identifying eligible beneficiaries and their entitlement can be a complex process.
Applying for Letters of Administration is a more complex legal process than applying for a Grant of Probate, which is used when a will exists.
Why Wouldn’t You Have a Will? With My Last Will it’s Never Been so Easy!
In days gone by, making a Will was far more time consuming and expensive than it is today. It often involved taking valuable time out of your week to go and see a traditional solicitor. Several meetings and extensive costs, compared to today, often typified the process. However, changing times and technology has greatly streamlined the will writing process. Today, you don’t need a traditional solicitor and with online solutions, you can complete a will in the comfort of your own home – and at a time that best suits you.
My Last Will – Taking Online Wills to the Next Level
Just like many online will providers, My Last Will saves you time and money along with the convenience of being able to write an effective will in your own home and in your own time.
However, My Last Will offers one or two clear differences that sets it well apart from other providers – to the point where even traditional solicitors are utilising our service!
Comprehensive and easy to use platform – The detail, so often lacking is included to make a will truly effective. However, the intuitive process makes completing your will easy.
Live support from will writing professionals – Unlike many online will writing services, My Last Will benefits from ‘live’ support from legal, will writing professionals to answer any questions and to provide you with complete peace of mind.
Will account and storage option – My Last Will offers you the option of opening an account. This means that updates are easy to make, but also, you have the sound knowledge that your will is stored in a secure and easily accessed facility.
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