RE: Be careful2 Mar 2024 15:33
And on a more serious note, just a note of caution, if you are making money, please, please, do make a will, because you never ever know what might be around the corner, and the last thing you want is for the government to take your hard earned cash because you died intestate. Sounds morbid I know, but never ever think you don't need to do it, you do, even if it's just to state your wishes for your cremation or burial, and if you have kids, who you want to be the guardian of those kids, as you can stipulate this in your will. To make the point, I've covered a number of areas in law, including corporate, but when doing some family work, I had a guy who had split from his girlfriend but they had a child. He had a parental responsibility agreement. However, he had been a bit lax on the contact front at times as he often worked away, so the girlfriend nominated her parents to have guardianship of the child in her will, if she died. She later had cancer, and died within the space of 4 months from diagnosis at the age of 27. The father of the child tried to get custody, but the Judge decided in favour of the mother's wishes, and granted guardianship to the maternal grandparents, which was unusual, but nonetheless, perhaps not surprising given the father's working history and that he might be tempted to return to it before the child was old enough to take responsibility for itself. So making a will is important, not only for the sake of your wealth or even if a lack of it, but where children should live following your demise etc. The cost of a will is priceless rather than the cost of the heartache that might be left behind otherwise because you didn't deal with it. just my views, and it's a matter for you of course as to whether you seek professional advice.
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