Make a will to inventory assets

With some 15 million Britons admitting that they feel stressed about their finances every day, writing a will may be a great way to take inventory of assets.

Although 16 per cent of people claimed that they get frustrated or bored within the first ten minutes of taking care of their finances in a survey by MoneySupermarket.com, writing
a will can help to get money worries straightened out.

Kevin Mountford, head of banking at MoneySupermarket.com, commented: “For those who are worried about their finances, it is vital to tackle the issue head on.

“Although apathy, lack of time and knowledge are some of the reasons for not taking control of the situation, it really is worthwhile sitting down and seeing where savings can be made.”

Moreover, writing a will is vital to ensure that families are not left in financial strife in the event of a loved one’s death.

When a person dies in Intestacy, families are often faced with challenges of probate and other complications, such as been unable to locate assets.

Published by Jessica Shervin