Sefton residents urged to write a Will
Local law firm Maxwell Hodge is urging local residents to make a Will following shocking statistics that reveal two thirds of us do not plan for when we die.
The firm is holding a free advice seminar on Wills on the 20th October at the Gild Hall in Formby to help local residents plan better for the future.
Michael Yates, solicitor at Maxwell Hodge said: “Death is something that most of us would rather not think about and perhaps this is why around 70% of people die without leaving a Will – the main reason for this is ‘not having the time to get around to it’.”
Recent research by ‘Unbiased’ revealed that more than 29.5 million people in the UK have not made a Will and more than 10% of people without a Will believe their estate will go to the right people automatically.
According to Michael, the reality is if you do not make a Will your estate can be hit by everything from higher inheritance tax to your assets being given to people you would not choose to be beneficiaries. Michael advises that making a Will is inexpensive and will save money and heartache for loved ones in the future
Michael Yates said: “There are many misconceptions surrounding Wills. People incorrectly assume that ‘everything will automatically pass to my spouse’ or that they do not need a Will because they do not see themselves as being particularly ‘wealthy’ but this may not always be the case.”
Michael’s recommendation to anyone considering a Will is to always use a reputable law firm when drafting a Will, preferably a member of the Solicitors for the Elderly.
He also warns that if you use a Will Writing firm, be careful. He said: “If you use a Will Writing firm, be extra vigilant. You are paying for a service but often getting a fraction of the legal advice you require. Will Writers are not always adequately qualified, trained or insured and if something goes wrong, there is no safety net as they are not regulated.”
For further information on Wills, Equity Release, Inheritance Tax and Lasting Powers of Attorney call 01704 872 156 to book your place at the free seminar.
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