Although you are not legally obliged to make a will, there are many reasons why it is preferable to have one and to make clear how you wish your assets to be dealt with on your death. This will involve not only specifying who should inherit what, but also ensuring that bequests are left on appropriate terms. For example, most parents wish to benefit their children but would not wish them to come into large sums at the age of eighteen. In such cases they might, in making their wills, provide that the children should not inherit until the age of twenty-five whilst at the same time ensuring that funds can be made available for the children if the need arises.
In your will, you can identify the people who are to act as your executors and who, as such, will be responsible for winding up your estate and giving effect to the directions set out in your will, and at the same time ensure that they are given the necessary powers to carry out these tasks effectively. You may also appoint
