Having a Will is a good idea.

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There are good reasons for having a will. Most importantly, they provide legal clarity over precisely what a person wants to do with their possessions after they die. If there is no Will then the person died intestate. Under intestacy the law determines how a person’s assets are allocated. Most people tend to pass on their estate in its entirety to their husband / wife – not least because that avoids any issues of inheritance tax as transfers between spouses are exempt. However, without a will, any assets not in joint names would be treated as being under intestacy. That could mean them being sold or otherwise disposed of and the money split between the children and the remaining parent. This is why a Will is a good idea.