Be Prepared

Posted by Jenny Steele, on September 6 2019 in: Blog

Do you have a Will? Do you need one? Is it really a necessity?

 

66% of adults living in the UK don’t have a Will. Yet, even if you only leave behind a humble stamp collection, some family photos and an Ercol coffee table, your Will is important.

 

Your Will tells everyone what should happen to your money, possessions and property after you die (all these things together are called your ‘estate’). Making a Will doesn’t need to be complicated, but even if you are only leaving a few things or a small amount of money, it can save your family unnecessary distress at an already difficult time.

 

Do I need a Will?

Yes. People often feel that because they are not leaving much they don’t need to make a Will, but making a Will is important:

 

  • Simplicity: Having a will makes it much easier for your family/friends to sort everything when you die
  • Assurance: If you don’t have a Will, everything you own will be shared out in a standard way defined by the law, meaning that people you would like to leave something to (such as a partner you are not married to) may end up with nothing. Having a Will is the only way to ensure that your money and possessions are shared between the people and causes you care about in the way that you want.
  • Clarity: Without a Will, friends and family are left to speculate about your wishes and may have to make some difficult decisions. This can lead to arguments and hurt feelings about how your estate should be divided up.
  • Caring: Writing a Will is especially important if you have children or other family who depend on you financially, or if you want to leave something to people outside your immediate family.

 

When should I make a Will?

Have you put off making your Will because you think it’s something that can wait? Maybe you’re young? In good health? Have good genes?  People often put their Will off thinking that they can do at a later stage.

 

In theory, you can write your Will at any time, but if you put it off, time can run away from you. If you wait until you are receiving end of life care or very unwell, you may not be able to make a Will, as you may be considered by the law to lack mental capacity. It is better to do it when you are reasonably well and feeling up to it. Knowing you have done it can also help to clear your mind of unnecessary worries, helping you to relax and make the most of the time you have.

 

What do I need to include in my Will?

There are a few things that are standard, but the sky is the limit!

 

  • Your beneficiaries: name those who you want to benefit from your Will
  • Your executor: this is the people who is going to sort out your estate and carry out your wishes after your death
  • Child dependants: who should look after any children under 18
  • Your funeral: list your wishes for your service and burial/cremation

 

Leave a gift in your Will

We understand that you want to put your family first. So, once you have set aside gifts for them, will you consider leaving a legacy to Dorothy House, to help us secure the future of hospice care for your children, your grandchildren, friends and neighbours?

 

The legacy you leave to Dorothy House – big or small – will enable us to continue to provide compassionate care for our community.