5 reasons why we don’t write a Will.

People in Northern Ireland usually fall into one of three groups when it comes to Will-writing.

“I’ve made my Will.”

“I’m thinking about making my Will.”

“Gosh, I didn’t even know I needed a Will.”

Don’t worry if you fall into one of the two latter groups. You are not alone!

Will writing in Northern Ireland is amongst the lowest in the UK. With only 20% of people in Northern Ireland having an up to date Will.

Here are just a few of the reasons we commonly hear from people as to why they haven’t yet written their Will (and our comments on why you should make it a priority):

1. I don’t have any money to leave 

You don’t have to have a huge estate to write a Will. Anyone who owns property or has children should write a Will. It is the only way to ensure your wishes are met should you die. 

It can also save your family and friends from unnecessary expense and stress.

2. I don’t want to talk about dying 

As a society, we tend to shy away from talking about death and bereavement. But, it’s important to remember that talking about death doesn’t make it happen.

In fact, most people report feeling a sense of calm and well-being after writing their Will.

3. It’s too expensive 

The cost of writing your Will will depend on a couple of different factors for example if you are divorced, have a dependent with a learning difficulty or own property overseas. 

Your solicitor can advise you on the most suitable Will for your situation. However, a simple Will can start at £150 with a more complex Will costing up to £300.  

This relatively small amount can ensure peace of mind for you, can make it easier for your family in the long term and could also reduce the amount of inheritance tax paid on your estate.

4. I don’t know where to start

Finding your way here means you have started so well done.

Next step is to find a solicitor. You can use the search function on The Law Society website to select a solicitor who specialises in preparing Wills.

We would also encourage you to talk to your family and friends about your plans. They might also have recommendations for a solicitor.

5. I don’t really know why I would need a Will

Without a Will, everything that you own will be shared in a way defined by law. This might not be what you want. It will also make it easier and less stressful for your family to sort everything out.

It could potentially reduce the amount of Inheritance Tax payable on the value of your property and any money you leave behind.

It is very important if you have children or family who depend on you financially.

A Will is also necessary if you’d like to leave something to someone outside your family or leave a gift to a charity or cause close to your heart.

If you’re still reading, it’s safe to say you’re now in the second group of people – “I’m thinking about making my Will.”

Now go grab a pen and make a plan and very soon you’ll be able to say – “I’ve made my Will.”