It is National Write a Will week this week, and 30 million people in Britain don’t have a will – about 70 per cent of the population – according to unbiased.co.uk, the financial advisers’ website.
As well as making life easier for your dependants, making a will can help reduce the tax payable.
So what should you put in a will and what will happen if you don’t have one?
If I die intestate, what will happen to what I own?
If you die intestate, which means without making a will, your assets will be distributed according to the law, and not according to your wishes. Jill Dando and Stieg Larsson, the author of The Girl with the Dragon Tattoo, are among those who have died without leaving a will and whose estates were inherited by their fathers, not their partners.