You may think having a Will is only for the rich but if you’re 18 or over there’s a good chance you need a Will. Without a Will whatever you own could be left to people you didn’t intend to leave it to.
So firstly what actually is a Will?
Well, it’s a legally binding document that outlines your wishes for what you want to happen to all the stuff that you own once you die.
For example, say you had a rare collection of Michael Jackson vinyl records and you wanted to leave them to your best mate. You can state who you want to leave them to in your Will and it will be legally binding. Without a Will the Michael Jackson records could be left with your next of kin.
The same goes for your house, your car and your money.