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Where there's a will, there's a way

View profile for David Feakins
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A recent YouGov survey revealed that almost a third of over-55’s still don’t have a will in place. It is one of those things in life that people put off doing, assuming that their worldly goods will automatically pass to their spouse or to their children.

Unfortunately, this is not always the case. Your assets will be paid in accordance with the rules set down by law, known as Intestacy Rules. Over the course of the next few weeks we’ll be highlighting some of the major pitfalls of not having a valid will in place.

To kick things off, you may encounter a problem if you wish to benefit a long-term partner or co-habitee. There is no such thing as a “common law” husband or wife so, if you don’t have a will in place, they will not receive anything from your estate. Instead, the Intestacy Rules would come into play, and this can prove to be a real headache for your loved ones.

The best way to get around this problem is to have a will in place, so why not pop in to the office for a cup of tea or coffee, and a free 30 minute chat? A weight could be lifted off your shoulders and, by preparing a will, it will give you peace of mind and make it far simpler for your loved ones when the time comes.

I am based at our Chelmsford office and can be reached on 01245 453870 or email david.feakins@birkettlong.co.uk

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