Benjamin Franklin said ‘in this world, nothing is certain except death and taxes’
So why don’t we all have a Will that states who we want to inherit our hard-earned assets?
The most common opinions are:
- I don’t have time to make a Will
- I can’t think about that now
- It’s tempting fate
- My family will sort it all out
- I don’t care
Death is certain but none of us know when.
If you die without a Will, the intestacy laws of the country where your assets are located will dictate who gets what and in what proportions. If you have no family, it’s likely the state will take them.
UK – ONLY 45% of adults over 18 have a Will
Malaysia – ONLY 28% of adults over 18 have a Will
USA –ONLY 32% of adults over 18 have a Will
Canada – ONLY 44% of adults over 18 have a Will
China – Only 1% (yes – 1%) of adults over 18 have a Will
This picture is reflected all over the world. Dying without a Will is particularly worrying for expats living overseas who own foreign assets. An estimated 5.5 million British people, for example, live overseas.
Each country has intestacy laws and they can be very different, so if you want control over who inherits your estate, you MUST make a Will.
For free advice to help you make the right decisions, please contact us.
+44 7939 578 631