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2:12 pm
1st October 09


Editor

Admin

posts 73

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Wills
A Third Age Property & Finance feature
by our Property & Finance Editor

The importance of Making a Will cannot be overstated. It may not be something we like to think about, but like it or not, the further into our Third Age we go, the nearer to the conclusion of our lives we get. And losing a partner is bad enough, but losing a partner who has not made a will (has died intestate) is simply adding insult to injury for anyone left behind.

And yet, making a will today has never been simpler. You can even do it online without leaving the comfort of your home!

Making a Will is the only way you can ensure that what you want to happen to your estate when you pass on, actually happens. And it doesn’t matter whether you are leaving millions or hundreds, the contents of a small flat or the riches of a country mansion. Whether what you leave behind is something of tremendous financial value or simply a few mementos of intrinsic value. Whatever you leave behind will mean something to someone. It simply adds insult to injury if that someone does not inherit what you would wish to leave them.

And the biggest insult of all is that not making a will (dying intestate) means that the state will effectively write a will for you, and the UK laws of intestacy are a minefield which could even see the state inherit it all!

If not for yourself, think of those you will leave behind and Make a Will Today!

 

Last Will and Testament Lawpack Kit by Richard Dew. (This Lawpack Kit contains the information, instructions and forms necessary to make your own Will in England, Wales, Northern Ireland or Scotland).


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6:03 am
23rd December 09


Lucy

Member

posts 130

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I agree that it is important to make a Will – and I would urge the Homeowners among us (in the UK) to look at turning their property ownership into Tenants In Common.  This divides the property into two halves with each partner leaving their half to whoever they wish (usually the offspring) with an included proviso that the surviving partner has control over it until their demise.  This will mean that at least half of the value of the property will be owned by the younger generation and The Government will not be able to touch it should the need for Care Home Fees be finally required for the surviving partner.  It's a complex business.

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