Wills
Making a Will is a task that people often put off—but it makes a huge difference to what happens to your money, property, and responsibilities after you die. Here’s why it matters:
You can control who gets what. Scots law makes provision for what should happen to an individuals assets upon death should they not leave a Will behind. By instructing a Will you, you can ensure that property is divided up as per your wishes.
Should you die without a Will, obtaining "Confirmation" (known as Probate in England) becomes a more complicated, time consuming and expensive process which falls to your loves ones to deal with. Having a Will in place prevents this without undue Court process.
You can appoint an Executor. Without a Will, the Court appoints an Executor and this may not always be who you wished.
In Scotland, unmarried partners can be disinherited (even if you live together). A Will can prevent this.
Clear instructions can prevent family disagreements and legal challenges after you have passed.
Steps can be taken to reduce the impact of care home fees, protect the family home and reduce any possible Inheritance Tax bill.
