In an ideal world, every adult should have a Will. It is even more essential if you are buying a property or already own one.
Having a Will is not only advisable, in many cases it is one of the most important documents you make (and should have). Whether you’re single, married, have children (or don’t), own assets or just simply want to ensure your possessions go where/to whom you want them to, you should make a Will.
A Will should be more than a last thought too. Many people mistakenly believe that you don’t have to think about or make a Will until you are ‘older’; so they don’t bother until something happens later on in life.
If you die without leaving a Will, you have no control over who inherits your assets. Your assets will pass under the ‘Rules of Intestacy’ and will depend on whether there has been a full or partial intestacy.
When you purchase a property, this is increasing your assets, and with a Will you can determine who will inherit your estate (assets).
There are a few factors to consider when you are buying a property…There are a lot of questions that pop up when buying a house with one of the most common ones being whether or not you need to have a will in place to make the purchase.