If, like many expats, writing a will is something that you know you need to do, but you just haven’t got round to it, here are four good reasons why you should address this sooner, rather than later.
- If you do not have a will, everything you own will be shared out in a standard way that is defined by the law. This may not be the way that you would wish your things to be shared out.
- A will makes it much easier for your family and friends to sort everything out if you die. Without a valid will in place, the process of doing so can be more time consuming and stressful.
- Writing a will is especially important if you have children or other people who depend on you financially.
- A will can potentially help to reduce the amount of Inheritance Tax that might be due on the value of any property and money you leave behind.