Research shows that as many as 7 in 10 people do not have wills. Dying without a will could lead to problems and expenses for your estate and for your loved ones that would have been avoided with a will.
If you die without leaving a will you will be classed as intestate and your possessions will be distributed according to the laws of intestacy. This could mean that the people that you would have wanted to benefit after your death may not do so.
If you are not married or in a civil partnership your partner will not inherit anything from you unless you have a will that says that they are to benefit.
If there are people other than your family members that you would like to benefit after your death you need to have a will. You may wish to remember friends and charities and a will lets you do this.
If there are people you would prefer did not benefit from your estate after you die a will can help to clarify matters and try to ensure that your estate goes where you wanted it to go.
If you have children your will can appoint guardians that you would like to look after them if you were to die before your children reach 18 years of age.
If you wish to do so your will can be used to try to protect your assets from the impact of Inheritance Tax and care home fees.
If you have an old will it may not reflect your current wishes and may not be as effective as it could be to ensure that as much as possible of what you have is preserved for those you really want to benefit from your hard work during your lifetime.
If you wish to protect your children in case your partner remarries you can do this in your will.