Worryingly, statistics show that more than 75% of people in Scotland do not have a Will of any kind. This can be due to many reasons, for example, feeling too young to be thinking about Wills, worried that making a Will could be very expensive or mistakenly thinking that, even without a Will, any assets they may leave will be dealt with according to their wishes.
Sadly, the truth is very different; dying without a Will can leave your family with a major financial headache to deal with as they will have no idea of your wishes, who you want to receive any assets nor what type of funeral you would prefer. This can cause all sorts of concerns for those trying to make sense of your estate and can even lead to whole families disagreeing because no one is sure about what to do.
Protect your assets
The other very positive aspect of having a Will in place is that it can be used to deal with tax planning and to protect your assets, particularly if you do not want your estate used to pay for nursing home fees. As well as making new Wills, we can make changes to old ones and discuss with you the best ways of dealing with your estate. No matter how complex or simple your financial matters, we will deal with everything in a very proactive and effective manner, ensuring that loose ends are neatly tied up and that you will have total peace of mind with regard to the distribution of your estate.
Our legal team have spent many years putting together Wills for clients throughout Scotland and always take the time to ensure that they are legally binding and accurately comply with your personal instructions.
Your Will can also take care of other things such as care of your children or what to do if you are diagnosed with a critical illness.
Why you should make a Will in Scotland
There are so many reasons why you should make a Will, no matter your age. Here are just a few:
- Your loved ones will accurately receive any money or property that you wish them to have.
- Inheritance tax can be reduced.
- Guardians can be named to take care of young children.
- Particular items can be left to named people such as jewellery, paintings, cars, etc.
- Charities can be selected to receive donations.
- Your children’s inheritance can be protected even if your surviving partner marries again.
- If you have a family member that is disabled then they can inherit in a way that will not reduce their benefits or leave them open to financial abuse by others.
- If you and your partner are not married, you can ensure that they can remain in the family home after your death and receive any inheritance.
If you are looking for a trustworthy, reputable and caring firm of professionals to take care of your Will, you should contact Gildeas. Covering the whole of Scotland, we are here to help with any queries you may have regarding your Will, and to advise you of the best way to proceed to assure you of peace of mind.
Contact us now for a quotation and find out just how affordable it can be to have a professionally drawn Will created in Scotland.