If you want to be sure your wishes will be met after you die, then a will is vital. Here are 6 reasons why it's important to plan for your future by making a will.

1. Reassurance

A will is the only way to make sure your savings and possessions (your estate) go to the people and causes that you care about.

2. Avoiding disputes between relatives

Disputes over wills can cause arguments among family members and may even need a solicitor to resolve them. Leaving a will should remove any doubt about who you want to leave your estate to.

Close relatives and dependants may still be able to make a claim on your estate, but a solicitor can advise you on how likely this is and the best way to prevent it.

3. Looking after your loved ones

Although it’s hard for loved ones to talk about death, talking about your will can save everyone a lot of worry. Deciding who you want to leave your possessions to (your beneficiaries) can help you make sure they go to the people you intended.

4. Protecting your assets for future generations

A will can ensure that assets are kept within the family and are passed on down the generations.

5. Saving on Inheritance Tax

With a carefully-planned will, you can also cut the Inheritance Tax bill on your estate after your death.

For example, Inheritance Tax isn’t normally paid on anything you leave to a spouse or civil partner who has their permanent home in the UK. Inheritance Tax is only payable if your estate is worth more than a certain amount. Read more information on Inheritance Tax

6. Your funeral

Your will can be a way to let people know whether you would prefer to be buried or cremated, and the type of funeral service and music you would like.

Paul Lewis on why you should make a will

Paul Lewis, financial expert and presenter of BBC Radio 4's Moneybox, talks about why you should make a will. View a transcript of this video

It's never too late to make plans. Join us at our Planning for the Future event on 22 March and get expert information & guidance to assist you in making informed decisions about your finances in the future  

Further information