Writing a will 'could help families avoid debt'

People can ensure that their family are provided for financially after their death by writing a last will and testament.

As well as dictating how money and assets should be distributed, such a document could also help to minimise inheritance tax, leaving more money behind for bereaved relatives.

According to the national debt charity the Consumer Credit Counselling Service (CCCS), there has been a rise in the number of people seeking debt help following the death of a family member.

The majority of calls it receives from the bereaved are from recently widowed spouses, although there has also been an increase in calls from people whose parents have passed away.

"Bereavement is difficult enough but finding that you have to deal with debt makes it that much harder," said Laura Carver, a spokesperson for the CCCS.

Dying without a will could mean that family members are left without a financial inheritance, so drafting one is the best way to ensure spouses, children, grandchildren and other relatives are not left struggling with debt.

Posted by Christopher Evans

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Published on: August 20, 2010

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