Two-thirds of people will die without writing a Will.
No matter how wealthy you are, you should have a Will stating what you want to happen when you die.
For many of those that have made a Will, their Will could be out of date by the time they die that it will no longer reflect their true wishes.
Many people believe that their estate will automatically pass to their family when they die, but this is not always the case and will depend upon their circumstances. If you do not write a Will, the law sets out who is entitled to the estate and this is known as the “law of intestacy”.
Say you have a record or jewellery collection that you want to pass down, or even a multi-million-pound estate, without writing a Will your wishes may not be carried through and your family may be left to struggle with administering your estate.
With second and subsequent marriages becoming more common, it is essential that you consider what may happen on your death.
You should also consider who you would like to deal with your estate on your death (your Executors) to ensure your estate is distributed as you wish.
If you have children under 18, you should consider who should bring them up if you were not here to do so. In the absence of an appointed guardian, the courts will be left to decide who looks after your children.