Your last will and testament – it’s not really something they teach you about at school, is it? Thankfully, we’re here to shed a little light on things so you know what it is, when to write it and how to get it done quickly.
When it comes to life admin, it always helps to put an age on things.
Sort out your pension when you’re 25.
Get a mortgage when you’re 30.
Take out life insurance when you’re 35.
These milestones all give us something to aim for as we get older.
But no one ever tells you the right time to write your will.
Is it something you should do when you’re 40?
Are you supposed to write it the day you become a grandparent?
Or should you just put it off until you’re retired?
The truth is this: your will has absolutely nothing to do with your age.
To really understand this, you need to understand the purpose of your will.
If you have kids, you need a will to appoint legal guardians for them, otherwise their future will be decided by the courts.
If you own your home, your will is the only place you can say who you want to inherit it – and the same goes with any money you’ve got in the bank.
And if you’re in a relationship but aren’t married, your partner has no rights if anything happens to you, so you need a will to secure their financial future.
So the question isn’t: When should I write my will?
The question is: Who (and what) do I have that’s worth protecting?
And when you really stop and think about it, you’ll probably realise you have a lot more than you think.
We all do.
And yet, the number of adults without a will in the UK is at an all-time high.
At the last count, there were over 31 million people at risk of dying without one.
For a bit of perspective, that’s 3 out of 5 of us.
And the crazy thing is, it only takes 15 minutes to write your will.
You could do it online right now.
Or at least make a start.
Tap below and follow our simple step-by-step guide to start writing your will online. It’s free to try and, if you want to take a break, you can save your progress and come back to it whenever it suits you.