Why you need to make a Will
It is a certainty that we are all going to die, and although we may not wish to think about it, at sometime we are going to want to consider what will happen to our property and assets after we die. It is therefore necessary to make a will in order to ensure that our assets are left to those persons that we wish to benefit. This applies whether we are married or single.
It is often assumed that if we die without making a will our nearest relatives will benefit, but this is not necessarily the case, as the rules that affect the distribution of an estate without making a will are limited, and the law will decide the distribution.
There will need to be a specified person appointed in the will ( executor) to be responsible for ensuring that your wishes are carried out after you die. If you have children under the age of eighteen years you should consider appointing a relative or friend (after discussion with them) to act as their guardian. Additionally many people like to state what funeral arrangements they want or whether they wish to leave their body for medical research. These are just a few of the points which you may wish to consider, but there are often other issues which arise, such as Inheritance tax implications , and to ensure that the will covers all your concerns, it is always advisable that legal advice is sought when making a will.
Once you have made a will you still need to look at it from time to time to make sure that your circumstances haven’t changed (such as remarriage which will revoke a will) and that it still deals with your wishes.