When it comes to creating and updating your Will in Essex, whatever you leave behind when you pass away is called your estate. This is everything you own or have a share in minus your debts. For example, if you own part of a business, yet still owe the bank money, this would include your part of the business minus how much you owe the bank. This will include cash in bank accounts, houses and possessions.
The completion of Will in Essex (or anywhere else for that matter) is a legally binding document that includes your wishes for what you would like to occur to your wealth after you die. It gives clear directions about your monies and personal belongings. Often it will include your direct wishes for your funeral and, if needed, your wishes to who will be your choice to look after any children.
Up-to-date, professionally written Will in Essex is very important. Therefore, if any aspect of your life changes significantly like where you live, your marital status, you have (more) children or grandchildren or purchase a property additional to the family home then it is wise to look to update your Will. This is because, as has already been alluded to elsewhere in this blog post, it is the only way to make sure that your final wishes are implemented after you pass away and that your family are provided for the way you wish.
The reason why writing and updating your Will in Essex is particularly significant is that, if you pass away without making a Will, you are considered to have died intestate and the law dictates who will get your estate. Consequently, your home, cash and possessions would be dealt with in accordance with the standard rules of intestacy. These rules are very strict about who is able to receive a given person’s estate. For example, these rules do not provide for partners who are not married or children that are not directly related to the deceased, such as stepchildren.
Clearly, this is not ideal if you have particular ideas about who you would like to benefit from your estate. Therefore, it would be beneficial for you to contact a service provider like Andrew Douglas Wills and Legal Services today for a free consultation to help you to ensure that your wishes are carried out after you are gone however they may change as you make your way through life when it comes to making Will in Essex.
Contact Andrew Douglas Wills and Legal Services today to see how we could help you to get your affairs in order to protect both yours and your loved ones’ best interests and, more specifically, with regard to what to include in your Will in Essex
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