Whatever your age you should consider making a Will if you do not already have one in place.
A Will ensures that your loved ones, such as children, are taken care of and any possessions and assets pass to those who you wish to benefit.
If you already have a Will, you may wish to ensure it is up to date and suits your current circumstances. A Will can be revised or replaced if you wish to change any of your previous decisions.
Depending on you circumstances you may require a Single Will or a Mirror Will, and perhaps even a Trust as well. We'll share more infomation about these different options to help you decide what is best for you.
Inheritance tax can be a concern for many, and having a will in place will help ensure your beneficiaries recieve as much as possible from your estate.
This is not only about who will benefit from your estate. It includes appointing your Executors, Guardians, Trustees and other people you trust to carry out your wishes. These can be family members or friends and sometimes it may be preferable to have a professional involved.
Once you have made your Will it’s important that you store your will securely and update it regularly as your circumstances change.