We should all have a will. It is never too early or too late to ensure that you have a will that is valid in the eyes of the law which states what you want to happen on your death.
There are many misconceptions about what happens to a person’s estate upon death. A surviving spouse will not necessarily be the sole beneficiary and without a will, an unmarried partner has no automatic entitlement to a share of the estate. With Inheritance Tax payable upon death a will provides you with an opportunity to distribute your assets in a tax-efficient way.