You probably haven’t thought much about death yet and even if you have, you might think that it’s still going to be a while before you say goodbye to this world. You might not have very many assets or you might have a lot of wealth but you’re not worried about what will happen to it after you pass away. A lot of people don’t really know when the best time to write a will is and you might not be sure whether to write your will now or wait for a few years. In order to better understand the best time to write a will, it might be better for you to learn more about the consequences of not having a will in the event of your untimely death.
What Happens If You Don’t Have a Will?
Dying without a will is referred to as dying intestate. When you pass away without a will, you are subject to a variety of consequences. The law automatically allocates your assets to certain individuals after you die but these might not be the intended individuals who you’d like your wealth or estate to go to after you pass away. For example, your spouse might not inherit anything if you have children and your estate will be passed on to your heirs as soon as they are legally old enough, rather than after a predetermined amount of time.
This isn’t the worst thing in the world, right? Well, consider the fact that if you die intestate, it’ll cost a lot more for your estate to be managed until it can be passed on to your heirs, if you have any heirs.
The Best Time Is Now
If you have any form of wealth or property, the best time to write your will is right now. Death is unknown and the consequences of dying intestate are severe enough to cause problems for the people who are meant to inherit your estate.
What If You Wrote Your Own Will?
Writing your own will is perfectly legal but it can be problematic. Your goal should be to ensure that your assets go to your beneficiaries after you pass away but with the wrong legal wording, the government might not allow your beneficiaries to receive what you want to give them.
While you could write your own will, you’d need to do a lot of research on legal writing skills in order to properly word your will in order to avoid legal traps. As a result, it’s probably safer to hire a professional will writer to help you write your will.
Making a will in Suffolk is perfectly manageable when you hire a professional to assist you. Professional will makers know how to word wills in such a way to ensure that your beneficiaries will get everything that they’re entitled to after you pass away.
If you currently possess any amount of wealth, you should seek out a professional will writer and start drafting your will as soon as possible to avoid dying intestate.