2. Make a will
Wills aren't just for elderly folks. Regardless of your marital status, age, assets or wealth, you should have a will.
What is a will?
A will is a legally binding document, created by you or on your behalf, which determines what happens to your property, assets and other possessions after you die.
You might also choose a will to designate how certain personal possessions such as jewellery, or family heirlooms are divided.
What happens if I die without a will?
Dying without a will, known as intestacy, means that their estate must be shared out according to certain rules.
Without a will, these rules will determine who will inherit your property and possessions after you die. Ultimately, this could mean that everything you own could be allocated in a way you might not have chosen.
It's never too late to make a will. There are some key life events where it's important to make sure your will is in place, up to date, and is an accurate reflection of your wishes. This could be a marriage or divorce in the family, or the birth of a child or grandchild.