Do I Need a Will?
4 Reasons that show you just may
Many people believe that writing a will is something you do when you get "old" so most keep it at the bottom of their to-do list. However, in fact there are many reasons (some that you may not
have thought about) that should be taken into consideration whether you’re young or old and to determine what type of will you need.
Some think they have nothing to leave, however, wealth aside, there are many more important reasons that should encourage you to have a will made.
Let’s discuss in more detail…
1) Do you want to choose who to leave it all to?
If you do not make a will and you pass away, then the 'laws of intestacy' will take effect. These are a strict set of inheritance laws that outline who is to inherit, meaning that your assets may not end up with who you intended. For example, under the 'laws of intestacy', cohabiting couples, and stepchildren have no legal rights and therefore would not inherit if you passed away without making a will.
2) Are you an unmarried couple?