Many people believe that writing a will is a one-time task. However, failing to update your will regularly can create significant complications for your loved ones. According to statistics, over 56% of UK adults do not have a will, and many existing wills are outdated or invalid. Updating your will ensures that your wishes are followed, your assets are protected, and your family is safeguarded from legal disputes. GLP Solicitors are an expert option for housing disrepair, criminal injuries cases, and wills, providing professional legal support to secure your future.
Why is Updating Your Will Important?
Life circumstances change, and so should your will. Here are key reasons why you should regularly review and update your will:
- Marriage or Divorce: In the UK, marriage revokes any existing will, and divorce can impact its validity.
- New Children or Grandchildren: Ensure they are included in your inheritance plans.
- Changes in Assets: Selling or acquiring property, investments, or businesses should be reflected in your will.
- Tax Law Changes: New inheritance tax laws may impact the distribution of your estate.
- Executor or Beneficiary Deaths: If a named person in your will passes away, it needs updating.
- Relocation: Moving to a different country or region may require legal adjustments to comply with local laws.
Common Myths About Wills
Despite the importance of having and updating a will, several misconceptions prevent people from taking action:
Myth 1: “I Don’t Need a Will Because I’m Not Wealthy”
Fact: A will isn’t just about wealth. It determines who will manage your estate and ensures your possessions, however small, go to the right people.
Myth 2: “My Family Will Decide Fairly”
Fact: Without a will, the government decides how your assets are distributed, which may not align with your wishes.
Myth 3: “Once I Write a Will, It’s Final”
Fact: Wills should be reviewed every 3-5 years or after any major life change.
Myth 4: “DIY Wills Are Just as Good”
Fact: Improperly drafted wills can be legally challenged, causing delays and disputes. Professional legal support ensures your will is legally binding.
How GLP Solicitors Can Help
At GLP Solicitors, we provide expert legal support for wills and estate planning, ensuring your assets are protected and your loved ones’ futures secured. Our services include:
- Will Drafting & Updates: Professionally crafted wills tailored to your circumstances.
- Inheritance Tax Planning: Strategies to minimise tax burdens for your beneficiaries.
- Estate Administration: Assisting executors in fulfilling their duties legally.
- Legal Support for Families: Guidance on probate and estate disputes.
Take Action Today
Don’t leave your family’s future to chance. Contact GLP Solicitors today to update or create your will. Our expert team ensures your legal affairs are in order, providing peace of mind for you and your loved ones.
