The Law Society says:
“That anyone with assets and family or friends should make a will, regardless of their age. It is especially important if you are not married to your partner, because the law does not accord partners the same automatic rights of inheritance as spouses.
You should receive professional advice on Inheritance Tax (IHT) planning as part of writing your will, simple measures could save thousands of pounds in tax to your beneficiaries.”
It is recommended that you should update your will every five years or so and whenever your circumstances are changed by a significant life event, such as marriage, divorce, birth or death in the immediate family and a house purchase or move.
Having your Will written isn’t the daunting prospect you might imagine. Indeed, it gives most people a feeling of great relief.