Have children? You need a Will

A recent survey by the National Consumer Council reveals that 27 million people in England and Wales have not made a Will, including 83% of cohabiting couples. Under the laws of intestacy, if a couple are living together but not married, the surviving partner may not get any of their partner’s assets and may lose the home they were living in. It is safer and preferable for people living together to make a Will. The survey also revealed that 79% of couples with dependent children had not made Wills. Under the laws of intestacy, children will inherit any assets due to them at 18 regardless or whether or not they are mature enough to manage an inheritance. Assets will also be divided according to intestacy rules so a child who is in need of more financial support will not get it. A step-child will receive nothing, no matter how long they have lived with a step-parent. Likewise, a child from a former relationship or marriage will not receive anything from a cohabiting partner who is effectively a step-parent. The only way of protecting step-children or children from former relationships is to make a Will. In drawing up a Will, parents can also specify when children can inherit and how much so children in need of more financial support can get receive more. Guardians can also be appointed so your children can be looked after by someone who knows and cares for them. Otherwise, children may be taken into care while a court decides what is in their best interests. At Lawson-West we can talk you though the process of drawing up a Will specific to your circumstances and will point out any difficulties that come to light. We will ensure that your Will reflects your wishes. Call 01858 445494 or complete one of the on-line forms to make an appointment now. You can book an appointment at any of our branches in Market Harborough, Wigston and on Uppingham Road in Leicester.