{"id":6351,"date":"2025-01-23T13:00:00","date_gmt":"2025-01-23T13:00:00","guid":{"rendered":"https:\/\/ctt-group.co.uk\/private-client\/?p=6351"},"modified":"2025-01-28T13:55:17","modified_gmt":"2025-01-28T13:55:17","slug":"new-years-resolution-for-2025-write-your-will","status":"publish","type":"post","link":"https:\/\/ctt-group.co.uk\/private-client\/new-years-resolution-for-2025-write-your-will\/","title":{"rendered":"New Year\u2019s Resolution for 2025? Write Your Will!"},"content":{"rendered":"
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I\u2019m Bhavesh Sahjpall, a Professional Advisor at CTT Private Client. For many, the New Year is a time for reflecting on the year just passed and goal-setting for the year ahead.<\/p>\n

In this spirit, it can feel a little odd to bring up your Will \u2013 but hold on! It\u2019s not all about death and I\u2019ll tell you why.<\/p>\n

Undoubtedly, over the holiday break, you\u2019ve spent a significant amount of time around family and friends; this time of year, above any other, brings the loved ones in your life to the forefront of your mind. You\u2019re probably (hopefully!) grateful for the people in your life and would like to know that they are healthy and happy no matter your circumstances.<\/p>\n

With a Will in place, you can do just that. It\u2019s believed that less than 50% of UK adults have a Will; an astounding figure that leaves millions without control over their assets after death, a situation I\u2019m sure no one would want to be in, so what can you do about it?<\/p>\n

Write a Will.<\/p>\n

Who should have a will?<\/strong><\/h4>\n

Everyone! Many people don\u2019t think they even need a Will, but without one, assets are left for the courts to deal with, otherwise known as \u2018intestate\u2019. This means your estate will be distributed in line with the laws of intestacy with no regard for the wishes you may have had before death.<\/p>\n

Obviously, this is a worst-case scenario. But without a Will, the probate process is complex and messy. And if you have significantly valuable assets, not having them protected by a Will leaves them open to mismanagement.<\/p>\n

The average age for writing a will in the UK is 58, and the average age for buying a home is 36. You may not realise it, but there are many things within a person\u2019s estate that are of high value, both financially and emotionally. If you don\u2019t have a Will in place, you have no control over what happens to any of it after you\u2019re gone.<\/p>\n

If you:<\/p>\n