Why a will is important

Without a valid Will you cannot control who will inherit your property and subsequently you cannot assume that any spouse, life partner or children will inherit everything.

To die without a will is to die Intestate. What this means is that your estate is distributed according to the law which in most cases mean that it would not reflect your personal choices. In some cases your estate may even go to the crown instead of the people you wish to benefit. Many family arguments can arise over who should get personal belongings and which type of funeral should be arranged. Is it fair to ask a grieving family to make these choices?

A will is one of the most important documents that a person ever prepares. By making a will you can determine precisely who will inherit your property and let your loved ones know that you have considered their needs. Equally important you can determine who will administer your estate. In addition, make a will gives you the opportunity of reducing the Inheritance tax liability of your estate. This is particularly important if you have substantial assets.

So who needs a will:-

As yourself the following questions:- 

• Have you ever arranged a Will
• Have you updated your Will in the last 5 years 
• Would your assets automatically be passed to the right people
• Have you protected your assets from the affects of Inheritance tax

If you have answered No to any of the above questions you should be thinking about arranging a Will.

We at the Independent Mortgage Store understand that our clients have busy life's and realise that in most case the will is overlooked when arranging your finances. With this in mind we have now set up a Do-it-yourself Last Will & Testament kit. This include a manual giving you information, easy instructions and the forms necessary to make your own Will in Scotland.

A standard will arranged by a solicitor would normally cost you on average £130. In addition solicitors normally make themselves the executors of your estate which in some cases can cost your estate thousands of pounds.

 At the Independent Mortgage Store our D-I-Y- kit is available to our clients for the small fee of £40. This make a substantial saving on your set up costs and potential a saving of thousands of pounds in executors charges. If however you feel that you have a complex estate you may need the assistance of a solicitor rather than relying on information and forms in our Will pack.