What difference does a will make if you're happy with the intestacy rules

[FinnyStory]

DH and I have never had wills, we've never had assets over the limits that would mean they do anything but automatically pass to each other. However, I keep hearing how important it is to have a will, so what difference would it make.

We basically have the house, which is jointly owned, so would go to the other owner, outside of the estate. Plus some cash and other savings, mostly in ISAs 50/50 in sole names, so the remaining partner would have access to "enough" in the short term until matters were resolved. Plus a car each and some personal effects but no valuable jewellery or family heirlooms.

Assets apart from the house well within the £270k limit where a portion would go to DC. If it did accumulate so that it edged over the limit, we'd both be happy for the stated amount to go to DC

Is there anything to be gained from writing a will that says I leave everything to DH and do I need a solicitor to do that (as it's so straightforward).

Do we write a joint will or individual ones?

Dear OP,

Wills are always a good idea. They make the distressing process of dealing with the death of a loved one a little less stressful. Also, be very careful with not naming your children as “next in line” in your will. In that situation what happens if you both die at the same time or very soon after?

I had mine drawn up by @Mumblechum0 too (and also recommend her).

For a reasonably small amount of money in the scheme of your assets, it's really worth checking that you know what would happen and to check that you have thought of a couple of things which may make a difference to the drafting (do you want to leave everything absolutely to your OH who could potentially remarry and disinherit your children? - it does happen!).

@GU24mum, thanks for the kind recommendation 🌺

When someone dies, you are continually asked 'are you the executor?' when you are trying to deal with the deceased affairs, and there is a general reluctance to talk to you unless you have been specified as such in the will. A will just helps things run a bit more smoothly. Also, it is a good idea to put a letter of wishes with the will if you have any special requests re your funeral. Of course, you might not be bothered about what happens to you after you've gone, but if you are, it's a good idea to let people know.
Have you considered what would happen if you were accidentally killed together and your adult children would be left sorting out your estate without a will to guide them as to your assets and wishes?

Sorry to hijack, but is the will writing a process which can be done remotely @Mumblechum0? I'm interested but obviously the chances of us being in the same location are slim, and I'm hearing impaired so can't communicate via phone.

@MargotLovedTom, yes, I cover all of England and Wales. So long as I can verify your ID over Zoom, I could take instructions over email, or by using any tech you have to support your hearing difficulties. Please feel free to PM me and I’ll send you a link to my practice if you’d like.