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Making a will

5 July 2023

1 min read

Making a will

Many people do not think about writing a will until later in life, but especially for those with children we recommend doing this as soon as possible.

Simon Starkey
Simon Starkey,

Financial Planner

If you do not make a will then your estate will be distributed according to the rules of intestacy. Remember that these rules do not recognise unmarried partners: if you’re not married or in a civil partnership, then your partner won’t receive anything from your estate (that isn’t jointly owned by them) unless this is specified in your will. You should review your will if your circumstances have changed: for example, marriage can invalidate an earlier will.

You can help your family by sharing your plans with them. You may even find that they suggest something different such as leaving a gift to a favoured charity. Setting up a Lasting Power of Attorney at the same time will ensure someone you know can deal with your affairs if you lose capacity.

Free Wills Month is a UK campaign held every March and October, allowing people aged 55 and over to have a simple will written or updated for free by participating solicitors, often in partnership with charities to encourage leaving a legacy gift, though it’s not obligatory.

Visit the Free Wills Month website during March or October to find local law firms involved in the campaign.

» Tip: plan while you are healthy

Even a person appointed under a Lasting Power of Attorney has very limited options to conduct estate planning on your behalf. So it’s doubly important to make sure that your planning is done while you are in good health.

Ethical financial advice

It is our philosophy to build trusted and long-lasting relationships with our clients. Book a free financial planning discussion and we’ll look at your circumstances, identify any gaps and suggest the way forward. From inheritance to investing, pensions to protection, we’ll cover everything that matters to you.

 

 

Please remember, this content is provided for information purposes only. Investment involves risk. Past performance is not a guarantee or indication of future results. Investment return and the principal value of an investment may go up or down and may result in the loss of the amount originally invested. All investors should seek professional advice prior to any investment decision, to determine the risks associated with the investment and its suitability.

Simon Starkey

Simon Starkey


Financial Planner

As a financial planner, I help client to achieve their long-term goals by putting a financial plan in place and provide solutions for business owners, self-employed, families and retirees. I advise on a range of financial planning needs and products including pensions, investments, protection, cashflow planning and inheritance tax. My approach to planning involves listening to your needs and objectives and presenting a financial plan which is regularly reviewed to take account of changing circumstances to ensure the solution remains on track. I am a Chartered Fellow of the Chartered Institute of Securities and Investments and also hold advanced financial planning and pensions advice qualifications. EQ are a forward-thinking company that have a real drive to make a genuine difference both to the environment and the lives of our clients. Working with like-minded people who are passionate about what they do creates a real sense of achievement. When not at work I like to keep fit running and cycling and enjoy travelling to new places.

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