Re: Winter 2014/15 | Page 41

A guide to Wills questions and answers Why do I need a Will? Everybody dies, and in most cases, no-one knows when that will be. You should be prepared for this so that the loved ones you leave behind know your wishes when the time comes. A Will gives you control over what happens to your estate (just about everything you own) and who deals with sorting everything out; it can specify details of your funeral wishes, appoint guardians or trustees if needed and may help save tax. But I just want to leave everything to X Many people simply want to leave their estate to their spouse, civil partner or children but a Will covers so much more – for example who is to act as your executor and actually give effect to your wishes, who is to act as guardian for any young children, at what age beneficiaries are to inherit their share of your estate, whether there are any specific items or sums of money you might want to give to anyone else and so on. Writing a Will indicates your wishes and your family and friends will not have to try and guess, or be forced into dealing with your estate as the law defines (which may well not be wha B