It is vital to make a Will and review it regularly to ensure that it reflects your current wishes and circumstances. For instance, you may need to change your Will if you have had children, got married, divorced, moved house or there has been a death of a friend or family member. Generally you should review your Will every time a 'life event' happens.
Preparing for the future
No one likes to think about their own death, but just a short time spent talking to your solicitor and sorting out your affairs now could prevent uncertainty for those left behind. It will also mean that you, not the Government, will decide what happens to your property.
If you should die without making a Will (in legal terms this is called dying *intestate), the law will determine how your property (or *estate) is divided. This can cause great uncertainty and distress for everyone concerned.
If, however, you make a Will, you'll know your loved ones will have the comfort of knowing your exact wishes during a traumatic time. And you'll have the peace of mind of knowing exactly what will happen to your estate.
Be sure to keep your will current
Keeping your Will current is just as important as making one in the first place. It really is the only way to ensure that your final estate is distributed to your *beneficiaries in exactly the way that you want it to be.
CVQO would advise that anyone making or updating a Will should seek independent advice from a practicing solicitor or bank trust company.