12 practical reasons to write a will

Thinking about what happens after you die is never easy. It can feel unsettling to picture life carrying on without you, which is why many people delay writing a will, telling themselves they’ll “sort it later.” But the reality is that life can change quickly and unexpectedly.

Having a will in place means your estate will be dealt with according to your wishes. It will also spare your loved ones from having to deal with working out how to manage your affairs while they’re still navigating their grief. You can cover important issues such as:

• Appointing a guardian for any children or dependants
• Deciding how to leave your property
• Taking steps to protect unmarried partners or stepchildren
• Mitigating the amount of Inheritance Tax (IHT) applied to your estate.

A Lasting Power of Attorney (LPA) is another important consideration in your later-life planning. While we all hope to maintain good physical and mental health, life can change unexpectedly. An LPA means that you know people you trust will be making decisions about key areas of your life, such as your healthcare and finances.

In this guide, you can find out more about how making a will and setting up an LPA can help give you and your loved ones peace of mind about the future.

Please note: This guide is for general information only and does not constitute advice. The information is aimed at retail clients only.
All information is correct at the time of writing and is subject to change in the future.

The Financial Conduct Authority does not regulate estate planning, tax planning, Lasting
Powers of Attorney, trust advice or will writing