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About Wills
It is sensible to make or change your Will after any significant changes in your life. For example, you should make a new Will if you are getting a divorce. Without a valid Will you cannot control who will inherit your property after your death. Should you die intestate (without a Will), your property will be distributed according to law, which is likely to be inconsistent with your personal wishes. In some cases your estate may go to the Crown instead of the people you want to benefit.
By making a Will you can determine precisely who will inherit your property and let your loved ones know that you have considered their needs. Equally important, you can determine who will administer your estate and who will act as guardian for any minor children you have, if they are left without a surviving parent.
The only stipulations are that you are of legal age (18) and of sound mind. If you are married, both you and your spouse should prepare Wills. This is true even if marital assets are primarily in the name of one spouse. Usually you will wish to name your spouse as your main beneficiary and include a substitutional gift to take effect if he or she predeceases you. Once prepared, your Will is valid until revoked and can be changed or updated anytime. Always look for a Will service that will allow updates free of charge.
