If you die without a valid will in place, you die intestate, meaning your estate will be distributed following the rules of intestacy, rather than in line with your specific wishes.
Wills can also become out of date, or even revoked in the case of a marriage, if there has been a change to your family circumstances since the will was written.
Having a valid will in place gives you the peace of mind of knowing that your wishes will be honoured after you die and can make it easier for your family to administer your affairs at a time when they need it the most.
Writing a will allows you to specify who you want to sort your affairs out after you die. This is called the role of ‘executor’.
Taking professional legal advice can help you to understand the potential for your estate to become liable for paying inheritance tax and plan ahead.
If you have young children a will allows you to specify who you would want to look after them and how you would like any money left to them to be held in trust.