If you don’t make a will, the intestacy rules mean that your hard-earned assets will not necessarily be passed on to the people you want to benefit. With a will, you have complete control over what happens to your wealth.
If you have young children, it’s essential to appoint guardians to look after them in the event of your death, and trustees to take care of their financial needs.
If you and your partner are not married, he or she will get nothing from your estate unless you have specifically written it into your will.
Have you got married or divorced since you made a will? If so, you’ll need advice on whether it is still valid.
Remarriages can also complicate matters of inheritance and provision for children.
Even with recent changes in Inheritance Tax law, there may be large tax savings to be made by proper planning through your will and the use of trusts.