The previous one One direction Band members Liam Payne, He reportedly died tragically in 2024 No will Helping manage his £28 million fortune.
He is very far away from one person. At least most people write their will for the first time, Company fare says – Liam was only 31 when he died suddenly.
This is not something many of us particularly want to consider, but life (and death) may be unpredictable. We have nearly 40 million The cooperative said that in the UK, there is currently no will.
Honestly; I feel introverted by feeling too bankrupt to think about writing a will-I mean, I’m not sure who wants my yarn collection-we talk to the lawyer about when you should consider writing a will.
How old should you be when writing a will?
Anne Stockley, associate attorney for the Will, Trust and Probate team, spoke with HuffPost UK. SA Law“The lawyers will say that no matter what, everyone should have a will, but this is especially important for children and unmarried partners under the age of 18 and clients who want to minimize estate taxes or care fees.”
She added: “For example, young people who purchase the first property together should certainly produce a will because they do not have the right to apply to the intestate rules that have no intention.”
Although you may hear the term “common law spouse”, Stockley explains that this is not endorsed by British law.
Meanwhile, attorney Qarrar Somji is Vitan lawyer Say: “Any major life activity – whether it’s starting your first job, getting married or even buying a house – is enough to achieve a job.”
He added: “Legally, you can write a will from 18 years old. So if you are old enough to take responsibility, you should consider writing a will.”
How much wealth do I need before writing a will?
“Most of us won’t have Liam Payne’s £24m wealth, but the only way to ensure your assets are passed on to the person you want is to leave a valid will,” Stockley noted.
Somji agrees, it doesn’t matter how much wealth you have.
He advises: “If you have a family, pet, a bank account, and even just want to pass on some personal belongings to a specific person, then the will can control what happens after you leave.”
“This also allows you to choose something like organ donation or gifts to charity. It has to do with how much you have. It’s to make sure you have something to go where you want it.”
Otherwise, Somji tells us that the law will act on your behalf – “This is what we call ‘death will’,” What happened to Liam Payne’s case.
“In many cases, this does not reflect what the person wants, which can lead to painful controversy, unexpected legal costs, and even family breakdowns.”
In other words, once you are legally responsible for what you care about, you may be older and can write down your will.
And, as long as you have something you want to know the one you love will inherit, you are also “rich” enough.
