Why should I get a Will?
Once your gone there are rules as to how your assets will be split up and this may not be anywhere near what you would have chosen yourself. People you no longer like or see can end up automatically receiving money or possessions from your estate.
Even if you have been in a relationship with someone for 50 years and there is no documentation, nightmare scenarios can occur without a will and the one left behind can end up with nothing. The death of one partner may create serious financial problems for the remaining partner.
If you have children, you will need to make a will so that arrangements for the children can be made if either one or both parents die
It may be possible to reduce the amount of tax payable on the inheritance if advice is taken in advance and a will is made
You must always remember to change a will if your circumstances change as this can create huge mess and dispute between loved ones after you have gone.
Here is a guy in the USA who has got some tips for you when getting your Will organised. The same rules may not apply in the rest of the world.
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