Why everyone needs a will - including you!

We think women need to talk more openly about money. Embarrassing or confusing. Join the conversation. We'll be discussing a whole range of topics. Hello and welcome back to the AJ Bell Money Matters podcast. I'm Laura and I'm joined as ever by Danny. Hey Danny! Hi Laura, hi everyone. We're back to normal in this episode, following our hopefully uplifting International Women's Day special, discussing all things money that can help you become financially fit.

Uh and of course a lot of what we talk about on the podcast and with our wider content is aimed at women. It's created for women, by women, but there's also value in a lot of the stuff for everyone and this podcast is no. Because this podcast episode is all about planning, yes, for the future. But for the bit of our future that no one really likes to talk about, but it is so vitally important, it's when we die.

Which I know already sounds depressing, but don't turn off because there's some vitally important stuff in here that I know is not exciting and not uplifting necessarily to talk about, but it is really important because there's a lot of paperwork involved when you're luck What that your loved ones will have to contend with when you die. Things like making sure that your wishes are followed, making sure that what you want for your family is carried out. And that's why you should all have a wish.

And yes, that is you and the person next to you and the person who sat next to you on the bus this morning and your partner and your friends. Everybody, everybody should have a will. And yes. Every year we have research that comes out and shines a light on how many people don't have a will. In fact, around half of all adults haven't got to grips with that.

And I know definitely when I talk to my friends that half of all adults figure is definitely accurate when I think about that group of people. A lot of them, you know, have houses, have kids. but have just not quite got around to getting that will done. So we're gonna drill down into some of the reasons why that might be, why people put it off, but also why you should reduce

And since the month of March is Free Wills Month, which means if you're over the age of 55, you can get a free will. We thought it was perfect timing to. Talk about some of those m misconceptions that are out there, talk about some of those reasons why you might need a will and why you might be putting

So with that in mind, let's introduce our guest for the episode, Olivia Bowen. Hi Olivia. Hello. Thanks for having me. Ah, very welcome. We're hoping to learn a lot from you today. No pressure. Yeah. So Olivia is a partner at Castlefield, which is an investment management and financial planning business. But let's start, I think, with the the kind of obvious thing that might seem like a silly question, but in this podcast there is no such thing.

Rwy'n meddwl y mae'n ymwneud â'n ymwneud â'n ymwneud â'n ymwneud â'n ymwneud â'n ymwneud â'n ymwneud â'n ymwneud â'n ymwneud. So many people it really resonated with me because so many people find it morbid and I'm really lucky'cause I talk about this stuff all the time through work, so I I don't find it an issue. But lots of people don't want to address, you know, their ventral demise. But actually those I've spoken to who do and our clients who largely do because we encourage them to do

find it really empowering. Um so it it focuses the mind, it makes you talk about what's next for the rest of the family. And there are really practical things as well that I can go into later. And so so I think full disclosure here, I was one of those people that didn't have a will for a very long time. And I think it was only really after I had my daughter that it made me think, right, this is something that I definitely need to get sorted. I put it top of my to-do list.

actually was very surprised at how quick the process was. But I think Before that, I'd thought, well, there's not maybe so much need. There's not a pressing need for me to have this. And I think a lot of people out there listening to this might be of the same opinion. So they don't have a huge amount of money, or maybe they don't have kids.

Which makes them think that they don't need a will. So is that true? No, I think everyone should have a will, absolutely. Um, because it Mae'n ymwneud yn ymwneud yn ymwneud, mae'n ymwneud yn ymwneud. Mae'n ymwneud yn ymwneud. Mae'n ymwneud yn ymwneud. Mae'n ymwneud yn ymwneud. Mae'n ymwneud yn ymwneud.

is a bit about making sure that the right people get, you know, the amounts that you want them to. Even if there's very little there, you know, say you guy with ten thousand pounds, that's still a meaningful amount of money that can go to, you know, somebody. Um So also one thing to bear in mind is if you're not married or in a civil partnership, but you're in a really long term relationship, they are not protected. So if you die in test state, which means without a a will.

then um there are certain rules that apply and you uh effectively those rules will apply if there is no will and so if you th the spouses and civil partners are protected in some ways. and children, but um long term partners aren't and there's a whole inheritance tax issue around that also. Mm.'Cause I think a lot of people do assume that loved ones will just automatically inherit their wealth when they die.

you know, it'll all be alright and that their kids or their husband will just get on with it and everyone will be happy. And that's not the case.

No, absolutely. Particularly in blended families it can get pretty complicated. Um, so what how it works if you die in test state, so without a will, is the first three hundred and twenty two thousand pounds will go to your spouse or civil partner if you have one. Um and then any surplus over that is shared fifty-fifty between the spouse and the child any children.

Um but stepchildren aren't included in that. Um and if your house is what your share of the house, say when you die, is worth more than three hundred and twenty two thousand, then in theory Depending on how how you own the house, and it gets a bit complicated. But in theory, um, your children that y could end up owning part of your spouse's house.

Now, if you're all get on great and it's no problem, that's okay. However, they'll just go, look, we'll get it when mum or dad dies. But if there are any issues around that, or you you know, um, say mum's left, mum wants to you know, downsize and sell up and buy somewhere else.

the kids could could have a a say you know, will say, Well, can I have our money can we have our money now? And that may not be affordable for her or it could cause a lot of tension. So it so much better to do the difficult what can be emotionally difficult work, you know, while you're alive, um, rather than leaving it messy when you're gone.

And there's probably never a a a right or a wrong time, but Laura said earlier that it was after she had her daughter that she thought, Right, now it's time, I need to get a will and it was the same thing for me. I had my second child and I'm like, Oh

Okay, um yeah, I I really need to get things in order, particularly because I wanted to make sure that if something happened to my husband and I, that my kids would be looked after and I would have a say in who would look after them as well. And Is that kind of Is there a right or wrong time? When do people choose usually to go for a will? Yes, j I'm the same as well. I I was a bit ahead of you guys. Um

Uh I I it was when I was pregnant with my first child, I thought, right, yes, we we do need a will here. Um and so we tootled off the l local solicitor. Um I think, yeah, so pregnancy, um, the birth of a child, adoption, of course. Um marriage also. And if you've already got a will not This isn't that widely known, but if you if you uh a marriage revokes a will. So if you get married, you need a will because your previous will may well be invalid. Um moving abroad.

So if you decide to move forward at any point in your life... um, depending on the country you move to, your UK will might still be valid in some way for your UK assets. However, it will not apply to the country that you moved to. So you're going to have to get a will, we should get a will in that country also.

And I think to that point that we talked about there of kind of having kids and that being a a prompt for it, but also wanting a say in who looks after your kids if you were to die, if both you and your partner To die. There is a flip side of that. So one of my friends has this conundrum of she really wants to write a will, she knows that she should write it, but the key question that her and her husband can't answer is who should be the guardian for the kids if they were both to die.

And so therefore they've just not written a will because they can't kind of get over that hurdle or come to a conclusion on that. So is there a way I don't know, I guess is that a common issue and how how would you overcome I'm so glad you raised that, Laura, because that happens all the time. And what I've discovered, so with the caveat that I'm not a lawyer, so I'm not the one writing the wills, but obviously we discuss this with clients all the time.

y gallwch chi'n ei wneud y gallwch chi'n ei wneud y gallwch chi'n ei wneud yn ei wneud, ac y gallwch chi'n ei wneud yn ei wneud. And one of my thoughts when I was preparing for today was to try and get the message across that something's better than nothing. Don't let the perfect be the enemy of the good. crack on and keep it as simple as possible. So there's a there's a a a format which well it's not even a format, um there's the structure called a letter of wishes which can accompany a will.

Mae'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw.

saying, um uh i I mean the guardianship would ideally be a proper for children would be a proper document that a lawyer's drawn up for you. But you could in theory, say my preference would be that the children were looked after by, you know, our mother or whatever, but if sh my mother, but if she's too infirm by the time, you know, s if something happens, then I would rather so and so's brother took them.

Whatever. You know, that at least somebody then knows what you were thinking. Uh And things like a l that can go in a letter of wishes is you if you're leaving money to charities in your will, I'm sure we'll talk about this in a moment. Um then you can actually list the actual charities that you want to leave the money to in a letter of wishes, because that may well change over time. And then you're not having to keep rewriting your will, particularly if it involves the cost of a solicitation.

So yeah, so I think the will itself should be as simple as it can be. But there are other ways to make your wishes known that are that are not legally binding. But you know, unless people are really having a big argument or whatever after you're after you're gone, they'll probably, you know, do do a good enough job, one would hope.

And so how long does the whole process take?'Cause I'd imagine that's something else that puts people off, is thinking, I know I should do it, but I think it's just gonna take ages and I was actually quite pleasantly surprised by how relatively simple once you've had some of those trickier discussions, by how relatively quick it was. Did you see a lawyer, Laura? Did you go and see the list? No, I did it virtually, so we had a kind of

I think it might have been a Zoom meeting or maybe even an old fashioned phone call uh where we discussed the things and then we filled out we had a questionnaire of kind of all of the questions that you'd likely need to answer and then it went from there. So it was actually I think that also cut down on the time needed. 'Cause you're not having to find childcare so you can go to a solicitor's office.

Yeah, exact exactly. And we yes, we're all doing these Zoom things nowadays, aren't we? And it's um I'm showing my age there. But it does yeah, you don't have to meet your lawyer if you do go to a to a um solicitor. There are um I mean I think best practice is to go and make sure someone's made sure you a ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod o ddod

Um and so and doesn't have a partner. So if if she died in test state, then the money would go to our um our dad sadly passed away, but our mum. So that was always fine and then the idea we'd sort of say, Oh well mum will probably you know, will will give it to me for all my kids.

Um and now as mum's getting older, I just had a chat with uh my sister at Christmas and I went, actually Kate, if m if if mum's in a position where we're acting as attorneys for her and then you die and then the money goes to her her Um, I can't get at it'cause I can't take money off a vulnerable person that I'm looking after. As soon as somebody acts as your attorney.

you can't start getting money. They can't give you loads of money. You know, even if they want to really, you have to be careful as an attorney that you're acting properly, you know. and protecting their interests. So taking a load of money off them wouldn't be the right thing to do. Also, if it goes that way, it might pay inheritance tax on my sister's death and then inheritance tax on mum's death also, maybe in quick succession.

So I um we went along to local post office and I got a uh po uh a will pack that cost I think less than ten pounds. And she was just it just said, All my estate, you know, to whom? And she left it to me, bless her. mewn gwirionedd yn ei wneud ei wneud ei wneud ei wneud ei wneud ei wneud ei wneud ei wneud ei wneud ei wneud ei wneud ei wneud And then she signed it and got it witnessed by someone who's not part of her

All round. So you can a consequence simple. Boom. Done. We've done that. It's better than nothing. Yeah, I definitely think. I think that's probably quite encouraging. Yes, exactly. But it can take weeks if you if if you have complex fairs and you need to do a lot of toing and frowing with a lawyer, of course. But for most people there'd be maybe one initial chat.

as you say maybe online and then s the the lawyer will draw up the draft of the will and then you can check it through with yourselves and then, you know, um sign it. Done. Needn't take long. And so what kind of information do you think that people need to have ready? Presumably you need to know a rough idea of like how many assets you have, what the total value of your estate.

Not well, if you're going to see a lawyer, I think they'd want to know because uh they'd need to know the rough financial makeup of your estate so that they could make sure they hadn't missed anything. But on um my sister's thing, there was no mention of the assets. It was just Um so you don't actually have to do it. I think you need to know who you're going to ask to do your witnessing.

You need to have thought about who you'd like your executor to be. So that's the person who actually carries out the wishes of your will. Normally it's a beneficiary, but it doesn't have to be. So say all your money's going to your children, but you might have a dear friend as an executor. Ideally they should be younger than you, of course, and in good health.

But you want you want to pick who your executor is. You want to un of course know who you want your beneficiaries to be. That's fairly easy for most people. If you want to make specific gifts, yw yw yw yw yw yw yw yw yw yw yw yw yw yw yw yw yw yw yw yw yw um will ask for your funeral wishes and that sort of thing. But again, it you know, whether you want to be cremated or buried. But it does again, it doesn't have to include that. So if that's holding you back, you can already and crack on.

I was going to ask you what should be included in the will, but I think you've covered most of the things off. Is there anything extra that we we haven't thought about?

Um, I think probably um there's well there's one thing I wanted to mention before I forget, which is um for everybody's pension as well, you will have a deaf benefit nomination, also called an expression of wishes. Define benefit scheme or just your own personal pension, you're effectively telling the pension trustees who you want to get the money.

Um, so again I put my sister down until I had kids and then I realised my husband would probably need the money, so then I changed it to him. Um but you can put anyone down, it doesn't have to be a family member. Um because the inheritance tax rules uh of or pensions from next tax year are going to start to be included in estates for inheritance tax.

if you have a maybe a farming family and one of the children is running the farm, so they're getting the farm, they're inheriting the farm, and there might be another child who's separate from that and maybe they're getting the pension. And when you did your maths and it kind of felt fair Um that may be under the current regime was that as the regime is changing, that person getting the pension is going to have to that's going to be subject to inheritance tax in some way.

that it's worth everybody being aware that what felt fair what feels fair now from next tax year might not in relation to who's getting your pension. So that's just something I wanted to mention.

That's really good to know because I think people just carry on in life and they take out a pension and they don't think about making sure that all the boxes are checked and all the information is up to date. And I guess if you're having conversations with your family about your will, about your wishes, whether it's in a letter of wishes or the actual um legal documentation, maybe that then

sparks thoughts that you will then go back and make sure things are update? And and should people tell their families? Does that make things easier w uh when they have to deal with it? Yeah, I hope so. I mean it depends on the family dynamics, doesn't it? I mean of course, best practice is sit down, you know, people getting squeamish about it, tell them, you know, you know, it's important to have these discussions and that you want if you're the people writing the will, you want to have these

And that you want everything to be fair. I think it's much healthier that way. I think it saves misunderstandings, it saves potential emotional hurt. If you've got children of with very different financial in in very different financial situations and you want to favour one over the other, it can be quite hurtful to the more affluent child potentially. Because they can f feel

Um it's not a b it's you see, it's it as my job's so interesting'cause money isn't really just about money, is it? It's what it does for people and to people, what it means for your lifestyle. You know, it's not an end in itself, or shouldn't be, you know, it's a it's a means to an end. Um and I think people consider the will um, very much as a sort of a last it's last testament, isn't it? It's like, who was I thinking of? Who do I want to protect? Who am I, you know, caring for?

And if you're left out of a will because it's perceived you've got enough money and, you know, you may well have, that can actually feel quite hurtful. If you know it's coming and you've had that conversation and you understand the rationale, you're not going to resent your siblings necessarily.

If you understand your parents are doing it from a place of love and then maybe they can leave you something nice that's very personal that had does maybe doesn't have a financial value, but you get something. Um, but I don't think a lot of families won't have that emotional engagement.

to go down that route and it's easy with hindsight I think and as well me seeing other, you know, clients go through things, it's easy to sort of be wise after the event, you know. Um Of course the message should be try and have, you know, joyful conversations even about

you know, if there's any money left, what would you do with it? You know, if you can't afford to give in your lifetime to your your family, which is the the best thing to do really, but if you can't afford to do that, then you know try and try and make it fun, I guess, and, you know, aspirational for everybody. That won't necessarily work. But a c but a caveat is it's v extremely costly both financially and emotionally to contest a will.

So you don't want to leave families, particularly in blended situations, who've maybe got along fine, suddenly in a position where there's resentment, distrust, concern. you know, people feel favored over others and you can avoid that if you do sensible planning. Um Mae'n gweithwyr yn gweithwyr yn gweithwyr, mae'n gweithwyr yn gweithwyr, mae'n gweithwyr yn gweithwyr, mae'n gweithwyr yn gweithwyr, mae'n gweithwyr yn gweithwyr, mae'n gweithwyr yn gweithwyr, mae'n gweithwyr yn gweithwyr.

their will to whatever they want, and they could just change it to favour their children and not yours. Uh and it may not be, you know, um uh deceitful or Machiavellian or anything like that. It's just people's natures just protects their own more. So if you want to make sure that it's fair when you you know, if you die first, then if you there are things called mutual wills which can't then be changed. So that can be a, you know, collaborative decision whilst you're both alive.

that gives some, you know, security to more complex family situations. Hmm. And what about if you're out there and you've you're listening to this and you've got your will sorted, but it was a very long time ago. How often Do you think it needs updating? Because I can see some obvious situations that might prompt it, you know, you have kids or or, you know, a spouse dies or things like that. But but sh is it something that you should regularly update anyway?

I think um I think that's a good thing. Uh if something fundamentally changes within your family, absolutely. Otherwise you'd hope it's fit for purpose. However, there are tax and legislation legislative changes that very well affect your will depending on how you structured it. So one thing that happened, I mean it's quite old now, but um with the introduction of the residential nil rate band.

Which is where people can pass on another hundred and seventy-five thousand tax free to their children on debt. It's part of the inheritance tax. Um so everybody has three hundred and twenty five thousand and then if you pass your home to your children or adopted children, then you get another hundred and seventy five thousand each. So a a married couple or civil partner can basically pass a million quid.

i i if part of that is your home to your children without any inheritance tax. So clearly that's really valuable. Then you they might not qualify, or your state might not qualify for the residential nil rate ban. Now it depends on the type of the truck. Obviously, then you need legal advice. But that's a bit of a pitfall for older um wills because it used to be that you wouldn't inherit your spouse's mill rate that. Have three hundred and twenty five thousand.

knew that and structured their wills to make sure that it was written in the will that the nil rate band was going to be passed from one to another because that's how you that's how you organise. And and I think it was the the new Labour government, I think it might have been yeah and Tony Blair who realised that this wasn't fair.

So you don't need that clause in your will anymore to to um to pass sorry that three hundred twenty five thousand into a trust. That's what it used to be into a trust in order to secure it. for um, you know, your future children if you were the first to die. And it's that trust now that might catch some people out because it might then affect the the residential nil rate bound. Sorry, that's quite normal. Oh no, I think it's really useful stuff. Um

But we said at the start that March is Free Wills Month and that actually happens twice a year. Uh it means that people over the age of fifty five can get a will written free. So can anyone who falls into that um age category use it or are there certain cases where that might not work? Okay. Um yeah, in theory, but I think I wouldn't use it as an excuse to delay because I have had a few clients say, Oh, I'll wait till Free Wills month and that may be nearly a year away and really they should

Um you can't really choose your solicitor as well. So it's a bit more like you sort of apply to get this free service. Um so there's not a huge amount of control there and you're a bit in their hands. So if they're a bit slow to come back to you'cause they're doing it pro bono largely. So so then, you know, people be we are who we are. It's nice for them to do it, of course, but they might not be super motivated to be

really efficient with those pro bono cases. So it might get a bit, you know, sketchy. Um and then f if you've got a complex case, I would say no, don't don't do that. Just, you know, pick someone who's got the expertise to help you. I mean they may well have, but it's potluck.

And so if you weren't gonna use that kind of free wills month then um how much roughly do you think it would cost? Obviously it will vary depending on who you use and maybe around the country, but a kind of ballpark figure. I reckon you're probably looking at about three hundred quid. Um or uh

fairly straightforward will, I reckon, but of course, yes, um I'm sure there may be solicitors get in touch if they listen to this. Say, no, no, we're much more far more expensive. Um but if it's quite a convoluted process, you will pay for that. So I've had clients to spend, you know, a few thousand quid getting it sorted, but you you know, it only if the time is is required. Hmm. It's a long yeah.

And I know you spoke earlier about inheritance tax and that is something which um t gets a lot of people really hot under the collar, the thought of having to uh their kids having to pay inheritance tax when they die. And if you have a will presumably that can help uh you pay less inheritance tax or possibly avoid it entirely.

Yes, so I mean, I think if you've got enough money you're paying inheritance tax, then it's a fortunate position to be in'cause lots of people in the country, of course, won't but more and more of us are going to because of house prices being so extortionate. Um, I think one of the key things people can do so so you can structure things in trusts and all that sort of stuff, but um i in theory, although wills are estate planning tools in a sense, um

and and you can do certain sort of tax tweaking within them. But really I would say one of the more valuable things you can do for yourself and society is to leave ten percent of your net estate to charities in your will. And then and there's a calculation, you could do say what's a net estate and it's like, well, once you've taken certain things off. So broadly, broadly, ten percent of your assets could go to charity.

Um and that would reduce the the forty percent um inheritance tax to thirty-six percent. So it's only really worth doing if your if your estate's going to be worth over a million quid, of course. Um but but when you actually look at the figures, because there's a reduction in inheritance. You might find that you're giving, say, a hundred and fifty grand to charity, but your kids are only getting thirty grand less between them.

So and again you could discuss that as a family, couldn't you? Say this would be quite a nice thing to do. What do you guys think? And that's a nice way of yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n Byddwch chi'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio.

And then it would just sit there. And then your family could decide where it goes or where some of it goes. And then their grieving process, they could sit around and discuss you and what what you liked and You know, where you might have wanted you know, what you might have wanted to support. And um yeah, I thought when when my dad died, I thought that would have been really nice if you if um, you know, you'd thought of that, that would have been quite sweet to sort of all get together and

That's one key tax planning thing you can do that's also makes the the whole will process a bit nicer to talk about. Mm. That's it, isn't it? I mean having these conversations can be incredibly difficult and if you can find a way to to find the joy to remember things about people that that they loved that can just help with the process. But there is something that I've heard about a lot

Which is not to wait until you die in order to give away money, particularly if you're trying to deal with some um tax issues. Um I've heard the phrase giving while living. What's all that about? Yes, absolutely. So it really comes down to affordability. And of as a financial planner, of course, you know, um Cosfield can help with that. Um we we often help people work out how much is in us.

Now how much do I actually need? And of course many of us are holding on to more money than we might actually need because of the dreaded care costs, and that is a very real concern for people. And of course that needs to be factored in. But if it's affordable, there's such um pleasure in giving to family, friends or charities while you're still alive and can see them benefit from it. Otherwise they're potentially waiting decades.

And then you don't never get to see the benefits either. And as we know, environmental charities, social justice charities, they all need money now. Um, so there's a there's and of course what you know, being able to give to your grandchildren or your or friends who who are in need or want to get on the housing ladder, whatever it is, help them come out of university without

extortionate fees attached, you know. That's that can be um really, really valuable for people and make them feel really good about their wealth. Uh and of course there's that seven year thing as well, isn't it, when it comes to inheritance tax that you you need to live seven years after you've given a gift in order for it not to be an issue. But there is a sliding scale there. So it's potentially exempt from inheritance tax if you live long.

Um, if you are making gifts to chari to trusts, certain sorts of trusts, you need to be careful because then the seven year rule can actually go back to fourteen years if you've if depending on the timing of the the gift to trust and the outright gift to the pet. So it can get complicated. So just a a caveat there to take advice if you're planning some serious giving. Um effectively the amount of the gift will um reduce your nil rate ban.

So, you know, if you if you give um s your nil rate ban three hundred and twenty five thousand, if you give a uh you know, a hundred grand away and then drop dead, then effectively your nil rate ban will will be you know, two two five at that point. But it is tapered, so after year three, it starts to reduce. So it's still uh still valuable, but yeah, the younger you can give away and while you're still in good health.

You know, well you sh uh is is great. If you give to charity there's no impact on on your tax position or or your estate. It's just out of your estate, gone. No tax would be paid on that.

Thank you so much, Olivia. And I should just let people know that you can find out information on the government website on writing and also storing a will. Plus you can get some free advice and a free will writing service from the probate office. Also, there's quite a few charities, so like the British Heart Foundation, that offer a free will writing service year round, and you're not actually obliged to leave them anything in return, although I'm ho sure they're hoping.

But um like Olivia said earlier on, if you've got a more complicated estate, more complicated circumstances, some of those free or kind of simple offerings might not be an option. Uh Olivia, thank you so much for your time today. Uh where can people find you? Rwy'n am Linkedin, Olivia Bowen, at Castlefield. Mae'n ffantastig gwebsite sy'n mynd i'r pethau'r pethau'r pethau'r pethau'r pethau'r pethau'r pethau'r pethau'r pethau'r pethau'r pethau'r pethau'r pethau'r pethau'r pethau.

So that's just castlefield dot com. So thank you. It's been lovely talking to you both. Yeah, thank you for taking us through all of that and diving into all of the little nooks and crannies of why you need a will. And hopefully we've inspired listeners to just crack on with it and not see it as this big daunting task. Like Olivia says, it doesn't need to take a huge amount.

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Before you go, please remember this podcast is for educational. And the views expressed don't necessarily reflect those of AJ Bell. The podcast isn't telling you if a certain investment is suitable. Forget that the value of investments can be And you can lose money as well as it's not. It's also important to remember that how you're taxed will depend on your individual circumstances. The way an investment behaves in the future. If you want help, go see a qualified financial advisor.