Reasons to write a Will
20th March, 2020
According to a YouGov survey, it is estimated that over one half of UK adults have not made a Will.
There are a number of reasons why you should make a Will and ensuring your affairs have been taken care of is important for both yourself, and your family.
- Body Disposal
This does not have to be as conventional as burial or cremation but by making a Will this ensures your wishes are respected, whatever they might be.
For example, John “Pop” Reed, a stagehand who worked at the Walnut Street Theatre, Philadelphia had his wish granted when his skull was used during the production of Hamlet to represent the skull of Yorrick.
It’s also possible to have your ashes blasted into space, either to the Earth’s orbit or onto the surface of the moon.
You can gift the assets which you value the most to those who will appreciate them.
Famous specific gifts have included:
- William Shakespeare’s “second best bed” to his wife Anne Hathaway;
- Harry Houdini left his wife Bess part of his Estate with the request that she performed a séance to contact him on the anniversary of his death, ironically 31st Houdini and Bess had a secret code of ten random words, so Bess would know it was Houdini she was speaking to. Bess tried to contact Houdini unsuccessfully for ten years, although fans still continue this tradition.
But perhaps the best gift of all is from 1975 which was of half a lemon left to each of the local HM Inspector of Taxes and the Collector of Taxes, with the message “And now squeeze this”.
If you don’t get round to making a Will, then the State will decide how your estate is carved up, which invariably will not be as you would have chosen.
If you would like to discuss making a Will or review your existing Will then please contact Lynda Richards, Partner in the Wills, Trusts & Tax team on 01743 294122 or email [email protected]
Wills, Trusts and Tax
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