There are certain things in life that we think we can’t afford or we don’t really wish to spend out on because they don’t give us instant gratification in the same way as perhaps a meal out or a new pair of shoes. However, just like other seemingly boring spends, such as new brake pads on your car, to not invest is to put the security and well being of your loved ones at risk.
A Will is one such item. You can’t see it, ride it, touch it, show it off or enjoy it, but to not have one in place, particularly if you have children, is as remiss as not ensuring your family car is safe to travel in. The fact is for the price of a meal out or a pair of cheap shoes, you can ensure the wellbeing and financial security of your partner and your children should the unforeseen happen and you die from an accident or illness.
What a Will Achieves for Your Family
A will enables you to appoint executor(s) (The people tasked with ensuring your wishes are carried out to the letter) and the beneficiaries (the people who are to benefit from your estate)
A Will also specifies the people, of your choosing, who are to be guardians of your children.
Without a Will, all these decisions are taken away from you and your family with the law deciding how your estate is divided and who receives what and quite possibly the local authority
or the court deciding where your children should reside and with whom. This can lead to serious financial and emotional hardship for your family
You Can’t Afford Not to Have a Will
We have only just ‘scratched the surface’ of possible issues to your family of not having a will;
the reality is that the consequences can be far reaching and long lasting. For the sake of your family, around an hour of your time and for the price of a night out isn’t it better to ensure your family’s financial security and wellbeing in your absence?