Corona Virus

Thursday, September 17, 2020

A lot has happened so far in 2020, and events such as the Corona virus pandemic have caused many people to consider their own mortality, despite it being a difficult thing to think about.

As a result, you may be wondering what would happen to your children if you were suddenly no longer here, and what would happen to your property or your bills if you passed away - would your loved ones be left with the burden?

 Talking about death is never easy, but it is something that you will need to consider at some point before it is too late.

By putting plans in place for the end of your life now, you will reduce the financial impact on your family and you will make things easier for those you leave behind, allowing them to grieve in peace for their loss.

If you’re worried about the future of your loved ones should anything happen to you, here is something you could do right now to put your mind at ease and protect what matters to you the most.

 Write a will

For most of us, we know that writing a will is important, but it tends to be one of those things that gets forgotten about, or it is assumed that it doesn’t need to be done until you’re older.

In February 2020, Royal London found that around 44% of homeowners have not written a will, either because it seems like a complicated process or because they feel they don’t have anything of value to pass on - despite owning a property.

Making a will is an incredibly important task for anyone who has specific wishes regarding their estate and how they want it to be shared out when they pass away. It is there to make sure that the right people get the inheritance you want them to. Without a will, your estate will be distributed per the UK’s Rules of Intestacy, which is unlikely to be what you want.

If you have a property, business, any pets, cash savings and/or any other valuable assets that you want to pass on to certain people, you will need to write a will, and you can do so from the comfort of your own home.

If you are living with your partner, it is also essential that you have a will, because the surviving partner will not be entitled to automatically receive any part of the estate that’s left behind by the deceased.

So, let us take the stress away, we can take care of it for you.

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