At S4 Financial Ltd, we cannot stress how important making a Will is, as without one all decisions relating to your affairs will be made by the state – this includes who looks after your children.
If you were to die without having made a Will, the surviving spouse will not automatically inherit the estate but only a part of it, even if you were married with children. Furthermore, without taking court action, common law partners would get nothing.
There are so many other factors to be considered even if you do have a Will in place. Is it up to date? Has it been invalidated by marriage? If you have children, have you appointed guardians? If the executors are a bank or solicitor, they take part of the estate – is this what you really want?
Estate planning, trust planning, tax planning and Will writing is not regulated by the Financial Conduct Authority.