A will is a legal document that sets out what you want to happen to all your worldly possessions when you die.
A will makes it much easier for your family or friends to sort everything out when you die. Without a will, the process can be more time-consuming and stressful.
If you don’t write a will, everything you own will be shared out in a standard way defined by the law – which isn’t always the way you might want. You can find out who gets what if you don't have a willOpens in a new window
A will can help reduce the amount of Inheritance Tax that might be payable on the value of the property and money you leave behind.
Writing a will is especially important if you have children or other family who depend on you financially, or if you want to leave something to people outside your immediate family.
It’s common for people to underestimate the complexity of their financial affairs. Choosing not to get an expert opinion when you’re writing your will can mean your loved ones are left with unanswered questions and extra expenses, or your will could be invalid or open to challenge.
If you want an easy and safe way to record important information in one place in case you need someone to sort things for you on your behalf, complete a LifeBook on the Age UK websiteOpens in a new window