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Your property and/or assets are important, as is what you want to happen to them on your death. If you wish to leave your affairs organised, and aim to avoid difficulties and unnecessary stress for your loved ones and beneficiaries, you should make a Will. That way, you can record how you would like your assets to be distributed amongst those whom you choose and at what age. You also can record your intentions as to who you want to act as executors and can appoint guardians for children.
It is important, at regular intervals, to consider the terms of your Will and whether it needs to be updated. Significant changes in circumstances – whether your own or someone mentioned in the Will – such as marriage, civil partnership, divorce, the birth of a child or a bereavement often require your Will to be adjusted. Changes of circumstance such as these can also affect your position significantly because of how the law applies as a result.
If you do not leave a Will, the law will determine who receives what proportion of your estate and at what age. To ensure that you retain control over your assets, make sure you have a Will drawn.