If you live alone and don’t have much to your name – do you need a will?

Wake Smith Solicitors 29 October 2019

If you are single and live in a rented house or flat, and have no children and a small amount of savings, do you need a Will?

Suzanne Porter, director and head of the Private Client team at Wake Smith Solicitors looks at why a Will is important for anyone.

She said: “People tend not to think about the prospect of an early departure from this world - and many go without a leaving a Will.

“But during your lifetime, even if you do not own a house, you’re likely to acquire some possessions – it might be only personal items and furniture, but you also might have savings and investments, a car, a business, or a share of one, or even property abroad.

“Together, the things you own are known as your Estate and your Will can state who should receive these when you die, even if they only total a small amount.

“Even a small quantity of savings might make a nice gift to a close friend or charity.

“If you choose not to have a Will, then you are agreeing to have the Government dictate where your possessions would go.

“If you die with no valid Will in England or Wales, the law will decide who gets what. If you have no living family members, all your possessions, including your pets, will go to the Crown.

“If, however, you want your possessions to go to someone, writing a Will is a good idea.

“Also, in your Will, you can designate who will be your executor, the person with authority to make sure that all your possessions end up in the right hands.”

Things to consider when writing a Will with a professional at Wake Smith Solicitors:

  • How much is your Estate, everything you own, worth?
  • What should happen to your Estate when you die?
  • If you do own a property, who do you want to inherit it?
  • How can you protect yourself if your circumstances change?
  • If you have children or any vulnerable dependents, how can you protect them?

Suzanne added: “If you decide not to write a Will now, make sure you revisit the issue as soon as your circumstances change. If you do have children, invest in property, develop health problems, or just reach a later stage in life, your estate planning needs will change.

“A Will is one of the most important legal documents you will ever sign.”

If you think it might be time to make your Will give Suzanne Porter at Wake Smith Solicitors a call on 0114 266 6660 or email at [email protected]



May 20226April 20223March 20223February 20223January 20224December 20214November 20213October 20215September 20216August 20212July 202111June 20218May 20216April 20212March 20219February 20218January 20219December 20208November 202013October 20209September 20208August 20203July 20208June 202016May 202013April 20209March 202016February 20209January 202012December 20199November 20199October 201911September 20197August 20194July 20196May 20198April 20196March 20193February 20195January 20194December 20186November 20185October 20183September 20185August 20184July 20189June 20184May 201810April 20185March 20184February 20184January 20183December 20175November 20178October 20177September 20179August 20175July 20176June 201710May 20176April 20178March 201711February 20177January 201713December 20169November 20167October 201610September 201611August 20166July 20167June 20163May 20162April 20166March 20162February 20164January 20165December 20153November 20155October 20156September 20156August 20157July 20157June 20157May 20156April 201510March 20156February 201510January 20156December 20145November 20144October 20142September 20143May 20144March 20146February 20144January 20142December 20132November 20133September 20134July 20132June 20132May 20133April 20131March 20133February 20133January 20136December 20121November 20123October 20122August 20122July 20128June 20123April 20123March 20121January 20124December 20112November 20111October 20112September 20113August 20113July 20117June 20119May 20117April 20115March 20119February 20118January 20111December 20101October 20102September 20102August 20103July 20106June 20101May 20102April 20106March 20102February 20103January 20102December 20095November 20092October 20092September 20092August 20091July 20095June 20095May 20093April 20093March 20093February 20091January 20092November 20082October 20082September 20081August 20083July 20081January 20082

Featured Articles

Contact us