What Is A Will?
Updated: Feb 4, 2019
This article contains a few handy hints about what a Will is used for.
A Will can tell people:
Who you'd like to appoint as guardian for your children
Your assets (e.g. you've purchased a house or a car)
Your funeral wishes
Your relationship status
The condition of your health
As Sorted points out: " People mainly use [a Will] to write down family members they want to provide for if they die, and how they want to distribute what they own. Wills also let us specify someone we would like to look after our kids or to leave special gifts and meaningful things to people or organisations we choose. They can include special instructions for a funeral, and they typically name the person who will carry out our wishes. If we don’t have one, or if ours is not valid for some reason, what we would like to happen may not happen in reality. This could put our families into legal and financial difficulties. "
If you die without a will, all your assets do not automatically go to your partner.
If you die without a will, the government will use a formula to divide up your assets.
When you get married, the will you wrote before marriage is no longer valid.
Wills are not just about what you leave to people – they can also identify the person you want to look after your children.