Writing a will is an “essential” requirement in the eyes of one legal expert.
Nadiya Virani-Bland, Head of Private Clients at Brethertons Solicitors, observed too many Britons wrongly assume their estate will pass onto their partner or spouse when they die even without the document.
However, she observed this is not always the case and depends on “the ownership and the values of the assets that are owned”.
Ms Virani-Bland went on to note there are a steady number of people drawing up wills, as they seek to make sure their loved ones are covered financially going forward.
Nevertheless, she urged anyone going down this route to make sure a qualified professional carries out the procedure, as homemade wills and those made by someone without proper training can cause a lot of problems.
Failure to make any sort of provision will see intestacy rules applied, which Ms Virani-Bland remarked are a set of guidelines drawn up by the government that state “who should inherit anything you own at the date of your death if you die without a will”.