Estate Planning is important whether or not you consider you have many possessions or much money.

It is important to make a will because:

if you die without a will, there are certain rules which dictate how the money, property or possessions should be allocated. This may not offer you the asset protection you need, as the rules may not allow for the way that you would have wished your money and possessions to be distributed unmarried partners and partners who have not registered a civil partnership cannot inherit from each other unless there is a will, so the death of one partner may create serious financial problems for the remaining partner if you have children, you will need to make a will so that arrangements for the children can be made if either one or both parents die

it may be possible to reduce the amount of tax payable on the inheritance if advice is taken in advance and a will is made if your circumstances have changed, it is important that you make a will to ensure that your money and possessions are distributed according to your wishes. For example, if you have separated and your ex-partner now lives with someone else, you may want to change your will.

If you are married or enter into a registered civil partnership, this will make any previous will you have made invalid.

Why you should use a professional estate planner.

If you wish to make a will yourself, you can do so. However, you should only consider doing this if the will is going to be very straightforward. Also, consider the 'save now, pay later principal'.

Is it worth saving a couple of hundred pounds now, only for a will to be unfit for purpose? Would you change the brakes on your own car if you didn't know what you are doing? Or would you pay somebody to do it properly?

It is always advisable to use a a professional estate planner to make sure a will will have the effect you want.

This is because it is easy to make mistakes and, if there are errors in the will, this can cause problems after your death. Sorting out misunderstandings and disputes after your death may result in considerable legal costs, which will reduce the amount of money in the estate.