Most people agree that they need one but not everyone knows why they should make one. Many assume, quite wrongly, that all their property will automatically pass to their spouse. If you don't make a Will then on your death you will have died intestate. This can be as painful as it sounds for your loved ones who may suffer financial hardship and distress at a time when they least need it, whilst your affairs are being sorted out. If you do make a Will then the legal process in dealing with your affairs will be easier and therefore less expensive, and much less painful at a time when your loved ones will need all the help that they can get. If you don't make a Will then you will have no control over who will inherit what you own. Intestacy rules will determine ultimately to whom your assets will pass, depending how much you own and which of your relatives if any are still living. Spouses may not receive everything and charities, friends and unmarried partners will definitely receive nothing. By making a Will you can name the beneficiaries which includes any charities and friends if you so wish and you will know with certainty who will inherit from your efforts. If you do make a Will then you can appoint guardians of your choice who will look after your children until they reach the age of eighteen. If you don't make a Will then your estate may have to pay a charge of Inheritance Tax. If you do make a Will your family will have clear directions on how to deal with your affairs and may not need to employ professionals.
