Will's

[Trotster]

No, not the big eared royal, the one you make if you die.

Am just about to buy my first property (veryexcitedhurrah). The solicitors have sent me forms to make a will should I wish too.

I am wondering if its something I should do straight away or something I can wait a bit for.

I am a single girl with no dependants and no one that would have any claim to my estate. I am assuming that the property would go straight to my next of kin in the event of my death (which is my parents). I trust them to divide my estate as appropriate. I know that in future, should my circumstances change, I would need to make a will but would there be any immediate complications by not making one?

Ta
xxx

 

[Gully]

Good question Trotster, I am in a similar situation to you (single bloke, no dependants and nobody who could have any claim on my estate) so I assume my next of kin would pocket the lot in the event of my demise.

However, I believe that if you die intestate (without having completed a will) that the state gets a big chunk of anything left behind after all your debts have been settled, can anyone confirm? If this is the situation then it probably makes it better to write a will sooner rather than later.

 

[Yorkie]

Dying intestate makes things a bit awkward for your next of kin ie to claim insurance and/or getting funds for your funeral etc (very expensive) and can take months to sort out.
If you are in a union, very often the union's solicitors will do a will service at a reduced rate (we did ours free on a special offer)

 

[Muhammad - I’m hard - Bruce Lee]

you could always leave everything to me

 

[Cadiz Seagull]

It depends on what you want to happen to your estate. If you want to leave it to your parents and you die, if you die intestate, in other words without making a will (or only making an invalid one) your assets will be distributed according to the law of intestacy. If you have no children, aren't married and don't have any dependents then it will be divided between your parents if they are still alive.

So if that's what you want you don't need to make a will.

But 2 things to think about. Firstly it will be quicker to sort out if you have made a will. If you intend to leave to your parents then you can even buy a will form at WH Smith's and as long as you follow the instructions carefully.

Secondly, consider what you want to happen if your parents have already died. Remember that if say you were all killed in the same car crash they would be deemed to have died first as they are older than you. So their will takes effect first, followed by your will Whatever they leave you will be added to your assets and then disposed of by your will or if you have no will the laws of intestacy.

If there is anyone else that you might want to leave all or part to rather than parents - sister?, brother? then it is worth making a will.

So to sum up unless you want to leave only to your parents and are happy for it to follow the laws of intestacy if they predecease you I would make a will, possibly only a WH Smith one which will be sufficient. Any remotely complicating circumstance and I would make a will but shop around. You should be able to get a simple will pretty cheaply.

The state will only get the money if you have no living relatives at the time of your death.

 

[Braders]

you could always leave everything to me

thats my plan

 

[Frutos]

thats my plan

I thought you promised to leave it all to me.

 

[Muhammad - I’m hard - Bruce Lee]

thats my plan

50/50


sounds like a plan

 

[Gully]

Sorry to disappoint you lads, but 50% of very little is even less!

 

[fatboy]

Am just about to buy my first property (veryexcitedhurrah). The solicitors have sent me forms to make a will should I wish too.

I am wondering if its something I should do straight away or something I can wait a bit for.

Depends. When are you going to die?

 

[Braders]

Sorry to disappoint you lads, but 50% of very little is even less!

'tis true