Wills and Trusts
By having a Will you stipulate exactly how your estate (all your possessions and assets) are distributed, in what proportions and to whom. You can also avoid unnecessary arguments and squabbles between family members or relatives. If you don't have a Will, the government decides this for you according to some rather old rules called the Laws of Intestacy which were drawn up in the 1920's. If you have young children then your Will can direct who will take care of them if you die, otherwise it is down to Social Services to decide.