Why every parent should make a will

Why every parent should make a will

And what could happen if you don’t.

Research shows that the majority of British people have not made a will; including many parents who may not realise the implications for their children.

Around 70% of people aged 16-54 have no will in place, according to Law Society research. While none of us plans to die before our children, the worst does sometimes happen and without a will, we have no say in how our estate will be distributed.

Even more important is the issue of what happens to the children.

“It’s our responsibility to make sure our children are looked after,” says wills expert Peter Moore. “The main reason people don’t have a will is apathy. Younger parents often think wills are for people older than 50, or that they have nothing to leave as the house is not paid off. They miss the guardianship part of a will and this is the most important aspect if you are a parent. With one in three families in Britain now a ‘step’ family, it becomes even more vital to set down your wishes in a will.”

Without a will…

  • * Young children may have to go into care until the court appoints guardians.
  • * Your spouse or civil partner will not automatically inherit ALL of your estate.
  • * Common law partners may not receive anything at all.
  • * People outside of your immediate family are unlikely to benefit.

“Everyone should have an up-to-date will,” Peter says, “but it should be mandatory for anyone with children or property.”

Talk to Peter and his experienced team about making your will on 0114 249 6926 or email wills@pm-law.co.uk.

More on making a will.

 

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