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Why make a Will?

If you don't make a Will:

  • Your family could suffer unnecessary expense and delay in dealing with your estate, and you'll have no assurances as to how your affairs will be handled.
  • Disputes may arise over how your estate is split between your spouse and your children.
  • Your family home may have to be sold to enable your estate to be administered.
  • There might be more tax to pay.
  • Your business partners may be unprotected, which could result in the forced sale of your business.
  • If you are unmarried and live with your partner, he or she would have no automatic right to any part of your estate.

If you make a Will:

  • You have some control over what happens to your estate after your death, and you can ensure that those who depend on you are provided for.

Other advantages are:

  • You can choose who should deal with your estate.
  • You can nominate someone to look after your young children.
  • You can remember family and friends by leaving specific mementos.
  • You can benefit charities.
  • You can minimise tax payable on your death.
  • You can arrange a smooth hand-over for your business.
  • You can resolve any competing claims on your estate from your first and second families.
  • You can provide for an unmarried partner.

If you want to make a Will, contact a member of our Tax & Estate Planning Team. For some ideas about what to include in your Will instructions see our page on making a Will. Our Asset Checklist can help you calculate your total worth.

Additional information