Millions of Britons could face a legal dilemma due to their loved ones not leaving a will according to research carried out by Macmillan Cancer Support.
According to their report, six out of ten stated that they had lost a loved one to find that they had not written a will with no clear indication of how the estate should be divided. A fifth of all respondents to the survey found that such issues led to a family dispute.
The most common reason for those not leaving a will was due to never getting around to do so, with one in three admitting that they promised something in their will but never granted it. Such actions, along with never having a will in place is one of the most common reasons for family disputes.
At Miller Samuel, we understand that planning for death is not something people look forward to doing; however, it is necessary and can save your family further pain and anguish once you are gone. Having a will clearly divides your estate, leaves your loved ones with a clear indication of items, capital, and your estate. Furthermore failure to create a will can leave much of your capital accountable to tax meaning that much of your inheritance could be taken from your loved ones.
While many believe a will can be expensive and opt for a cheaper DIY will, if you have complex family circumstances or a large amount of capital it is best to contact a team of experts. While a DIY will may seem like the best, cheapest option in the short term it can prove to be more costly for your loved ones in the long term.
If you require advice in the creation of a will to ensure your family are left with an inheritance, we can help. Get in touch through our online contact form.