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The Power of a Education

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September 20th // 13:00

Why do I need a will?

It is important to make a will because: if you die without a will, there are certain rules which dictate how the money, property or possessions should be allocated. This may not be the way that you would have wished your money and possessions to be distributed

I have properties on my personal name, can i transfer it to a ltd company

Yes, you can move property from your own name into a limited company, but it isn’t as simple as just transferring it across. HMRC treats it as if you’ve sold the property, which means you may face extra costs like Capital Gains Tax, Stamp Duty, and changes to your mortgage. With the right planning and advice, there are ways to manage or reduce these costs, so it’s important to get professional guidance before making the mov

What happens if I don’t write a Will?

If you don’t write a Will, the state writes one for you. You have no control over what happens. The Laws of Intestacy will automatically apply when you die. Intestacy tries to balance the rights of your spouse and children/loved ones, inheritance is fixed in terms of how much each party receives, so someone always loses out

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Most of us think Will is not mandatory but, see what happens you don't have one.

In our daily life, before this epidemic, we normally do not get the time to dwell upon a few very important questions. Do we have any backup plans in the event something unfortunate should happen? How will our family be taken care of? Have we ensured appropriate cash flows at a time when earning members in the families get adversely affected or something happens to them?

I am sure that these are some of the questions that may run through peoples’ minds. Very often we find that it is an event or an unfortunate happening that jolts us to the reality that life is uncertain and that it is our obligation as heads of the family and breadwinners to provide for our families through structured plans.

While the importance of making one’s Will cannot be overemphasised under the circumstances, this is the best and simplest form of putting a plan in place for the benefit of your loved ones!

Why is making a Will so important?

  1. A Will is not just a document—it is a plan for your family’s future. Without one, your estate passes under the law of intestacy, which may not reflect your wishes and can create confusion, disputes, and unnecessary costs.

    Through a Will you can:

    • Control inheritance – Decide who should benefit and in what proportion, including the exclusion of certain relatives if necessary.

    • Protect your family – Appoint guardians for minor children and make financial provisions through trusts for children, dependents, or even grandchildren.

    • Provide clarity – Leave explicit instructions about your estate to minimise disputes and challenges.

    • Safeguard your business – Pass on shareholdings and business interests in a structured way, reducing friction.

    • Support long-term goals – Create structures such as life interests for a spouse, or set aside assets for specific purposes.

    • Fulfil personal wishes – Leave legacies for charity, philanthropy, or provide instructions for handling digital assets.

Great opportunity for all of us