Research by ‘unbiased.co.uk ‘,a company that helps consumers find professional help,shows that nearly 30 million Britons are at risk of losing control of their assets on death by not making a Will. By dying intestate complete control over the ultimate distribution of assets is lost and often the estate of the deceased will finish up in the wrong hands or even with the State. Launching the third annual campaign of ‘Write a Will’ week Karen Barrett ,chief executive, said ‘Creating a Will is a cost-effective way of ensuring your assets are left to those you love’.
It is even more important for unmarried couples who live together to effect a Will each in order for their Partner’s to be able to inherit assets which have been built up together. There is no automatic entitlement for unmarried partners to inherit each other’s assets. This is why a Will is vital in such cases.
In every case a will is essential where assets and property are owned and there are children of the owners. Even moreso if the children are under adult age and guardians may be required. Without a Will would the parents be happy if the appointment of guardians was left to the Courts?
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