Skip to main content

Why you must make a will

Death – particularly our own – is an unpleasant subject that most of us would rather avoid discussing. So perhaps it should come as no surprise that one in three people die without leaving a will, according to HSBC. This is a huge mistake.
The only way to guarantee that on death your assets end up in the hands of your intended beneficiaries is to write a will. Otherwise, Britain’s arcane intestacy rules kick in. These can result in your assets being left to your parents or siblings, rather than the person you’ve shared your life with and any children you have. At the very least, you risk leaving an administrative nightmare behind for your loved ones, which is the last thing they’ll need.
So what should you consider when putting your will together? As a rule of thumb, you want assets to pass down a family tree (for example, from parent to child), or at worst, across it (say to siblings appointed as guardians to your children). You don’t really want assets to pass upwards to your parents, as, unless they need the money, this can trigger an unwanted inheritance tax bill on their death.
You should also make clear who is to be appointed as your executor (the person who will take responsibility for making sure the terms of your will are adhered to) and who will be the legal guardian of your children. Naturally, you should discuss this with the candidates first!

A relatively straightforward pair of wills drawn up by a couple should only run to a few pages, won’t take up huge amounts of your time, and if you have them done as a 'mirror' pair by a solicitor, it won’t cost you a fortune either (I had mine done recently by a firm of Yorkshire solicitors for £75 each).
Next, beware cowboy will writers. In theory anyone can draft a will, but the Legal Services Board reckons as many as one in five wills are “riddled with errors” or are invalid.
So our advice would be to use a regulated will writer (solicitors are covered by the Solicitors Regulation Authority) if your assets are complex, based overseas and/or you want to make detailed provisions on death.
If your affairs are simple, check first whether you get a will included with your home insurance policy or bank account. Otherwise, a decent bet is the Consumer Association Which? service or one of the many charity will-writing schemes. Do make a donation if you use the latter.

Popular posts from this blog

Best Webcam Modeling Websites Where You Can Make Money 2018

So you want to be a webcam model, huh? Maybe you are not sure and just want to find out more information. Either way, you have come to the right blog! This post will tell you how you can become an online webcam model, making cash amounts that many only dream about. Yes, you can make some SERIOUS cash with webcam modeling, but we will get into that soon.

I. What is webcam modeling
II. Why you should be a webcam model
III. Requirements
IV. Pay
V. Studios and cam sites
VI. The decision

I. What is webcam modeling
Webcam modeling is basically the online version of video pornography, except for the fact that people are watching what you do LIVE. The typical webcam performer will dress herself up in sexy clothing, put on some pretty makeup, sit down and talk with a few potential customers, then when she is taken into private, she will perform sexual acts for the customer. That's where the term webcam actress comes from. During private chat, the performer will do as the customer reque…

Phone Apps That Can Help You Make Money with top webcam modeling website

Earn Money From Blogging

Remember when phones were a convenient way to talk with friends and family from your home? If you’re not that old, maybe you can recall when you used your cell phone just to talk to people from any place you happened to have service. No? Well, it really doesn’t matter; if you’re like most people (but not all), you use your smart phone for everything from time management, to navigation, to entertainment. Wouldn’t it be nice if you could use it to make a few extra bucks? Here’s a list of apps that can help you do just that.

Field Agent

This popular app utilizes crowdsourcing to gather data for businesses who register as clients. The “agents” use their phones to provide photos, scan barcodes, verify locations, complete surveys, mystery shop, and perform other useful services. Agents generally earn from $3 to $12 per job and funds can be withdrawn from the agent’s account directly to PayPal. Unfortunately, this app appears to be available only for iPhone, iPad and…

How one of the world's biggest investors is navigating this market

Talk about the land of confusion. The VIX is at eight-year lows, despite a slew of geopolitical concerns. Stocks are at record highs. Spanish debt yields less than Treasurys.
How, then, is one of the world's biggest investors navigating this market?
Dan Morris is global investment strategist at TIAA-CREF, the asset management company with $569 billion in assets under management, sat down with Talking Numbers for an exclusive interview.

The Low VIX

"A very low reading on the VIX is kind of reflecting on the relatively benign environment for equities generally," Morris said. "We think it's too low, just if you look at the historical numbers. It's going to go up but not in a way that we see as really threatening at all."

Also Read: What Lies In Your Debt?Credit Repair Magic Tools

"Even if the VIX does go up [and] even if we do get some type of correction," added Morris, "the market has been a bit too smooth. If you look at the lo…