When it comes to writing a will, many people put it off, believing it’s something they don’t need to worry about right now. For others, misconceptions about wills might lead them to think it’s unnecessary or too complicated.
At Peritum Wills, we aim to break down these myths and help you understand why having a will is essential for everyone.
Myth 1: “Only the Wealthy Need a Will”
This is one of the most common misconceptions. The truth is, if you own anything—a home, a car, personal belongings, or even a bank account—you need a will. A will ensures your assets, no matter how modest, go to the people you care about most.
Without one, the law decides who inherits your estate, which might not align with your wishes.
Even if you don’t consider yourself wealthy, having a will provides clarity, prevents disputes among loved ones, and ensures that your wishes are respected.
Myth 2: “It’s Too Expensive to Write a Will”
Many people assume that creating a will is a costly process, reserved for those with large estates or complex financial situations. However, writing a will is more affordable than you might think.
We offer cost-effective solutions tailored to your needs. The peace of mind you gain far outweighs the cost, and you’ll avoid the potentially higher expenses your loved ones might face if you pass away without a will.
Myth 3: “I’m Too Young to Need a Will”
Age has little to do with the necessity of a will. Life is unpredictable, and it’s always better to be prepared.
If you have children, a will is especially important to ensure their care and financial future are handled according to your wishes.
Writing a will early in life allows you to update it as your circumstances change, such as when you buy a home, get married, or have children.
Myth 4: “It’s Too Complicated”
Some people avoid writing a will because they believe it’s a daunting process. However, with the right guidance, creating a will is straightforward.
We can guide you through every step, explaining legal jargon and ensuring your wishes are clearly documented. You don’t need to have everything figured out beforehand—we’re here to make the process as simple and stress-free as possible.
Myth 5: “My Family Knows My Wishes”
While it’s great to discuss your wishes with loved ones, verbal agreements aren’t legally binding.
A will provides a clear, written record of your intentions, removing any ambiguity. This not only ensures your wishes are carried out but also prevents potential disputes among family members.
Writing a Will is Essential for Everyone
Whether you have a large estate or modest assets, writing a will is an act of care for your loved ones. It’s affordable, straightforward, and ensures your wishes are respected.
We believe everyone deserves peace of mind, and we’re here to help you achieve it.
Don’t let myths prevent you from protecting your legacy and your loved ones. Contact Peritum Wills today to take the first step in securing your future.
Information provided and any opinions expressed are for general guidance only and not personal to your circumstances, nor are they intended to provide specific advice. Please contact us for specific advice in your circumstances.
The Financial Conduct Authority does not regulate Taxation, Trust advice or Will writing.
Peritum Wills is not authorised or regulated to provide financial advice.
Tax laws are subject to change and taxation will vary depending on individual circumstances.
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