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So What Is A Will? - What If I Am Not Worth Anything

By Stacy Taylor Written on:

 


It is quite common for people to be worth more dead than alive.

Add up the totals of your life assurance policies, your death in service benefits and so on. What about your car, your house and the antique furniture your grandmother bequeathed you?

The total may well surprise you. Anyway it is your money, regardless of how small the sum, and you should be the one to say where it goes on your death.


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see: Making a will - The Law Society. Please note that will making differs in Scotland and this website currently deals with English laFree Will download

 

Perhaps you might consider taking legal advice from a solicitor about making a will if any of the following apply to your circumstances:

 

  1. A number of people could make a claim on your estate when you pass away because they depend on yourself financially
  2. You want to include a trust in your will (perhaps to provide for children, to save tax, or simply protect your assets in some way after you become deceased)
  3. Your physical and permanent home is not in the UK and / or you are not a British citizen
  4. You live here in the UK but you have additional property abroad
  5. You own all or part of a UK business.
  6.  

see: Making a will - The Law Society. Please note that will making differs in Scotland and this website currently deals with English law.

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