If you're single you should seriously consider making a Will

A single person should seriously think about making a will to ensure that all of their belongings pass to the people they want to benefit. Without a making a will assets including property and money are likely to pass to your next of kin under the "Intestacy Rules". The Intestacy Rules provide a descending order of Beneficiaries starting with your parents and moving on to your brothers, sisters and other relatives.

Of course, if you have children your assets will pass to your children equally.

People often think "I've got nothing to leave so why bother making a will". Remember you probably are the owner of a house and there may be a large amount of equity which you will want to pass to your nominated Beneficiaries. You may also subsequently acquire assets, maybe a car, so making a will is extremely important.

Wills are strict legal documents, which have to be signed and witnessed in a particular way. The Wills Act requires that a Will is in writing and signed by the person making a will in the presence of two individual witnesses both of whom must be together.

Verbal changes to a Will cannot be made, therefore, it is very important that any changes to an existing Will are made by either creating a new Will or by Codicil (which is a legal document amending a Will).

Whether you be married or single, making a will is a wise move to ensure your loved ones are provided for.

I have a blog which highlights the importance of Will writing and covers the reasons as to why one should write a Will. It was stated that over 70% of the UK population do not have a Will, therefore i set out to create a source of information online to assist those that do not have a Will and point the reasons as to why you should write a Will.