Where there's a will there's a (run)way!
- AuthorEmma Harper
There are lots of things to think about when going away on your summer holiday – passport, boarding pass, sun cream, making sure you have an up to date will….? This might sound very thorough, but we are lawyers after all!
Understandably, this is not something that is in the forefront of your mind at a time like this. But, in the same way it has become standard practice to take out travel insurance to plan for the worst, you should also think about your wills. This sort of planning underlines the same principle, you hope to never need it, but it is there if you do.
Protecting your loved ones
Holidays are one of the times that families or couples head out together. Sometimes, a couple may take a weekend break without the kids. In the event that something happened to you, the children or any combination of family members, do you have something in place to deal with your estate?
Statistics show that there is still a vast amount of adults who have not made a will. If you do not make a will, all of the choices you could have made are taken away, and your estate is dealt with by the laws of intestacy. A will also allows you to appoint guardians for your children, decide who you trust to administer your estate and appoint exactly who you want to receive a benefit from your estate.
Holidaymakers are going on more varied and adventurous holidays than ever before. Skiing, water sports, track days and other adrenalin packed trips. These activities by their very nature carry risk, which is why so many people are drawn to them. These amplified risks mean you should think about what would happen in the worst (even if hopefully unlikely) scenario. Even a basic will is better than no will at all!
Whether you are planning a trip away and wish to put in place a will for the first time, or review an existing will, we can help. I am based in our Colchester office and can reached by phone on 01206 217387.