Having a will is a way of looking after your loved ones if you pass away. It gives you the opportunity to say who you want to inherit your money and assets, and if you have kids, to say who you’d like as guardians.
Even if you don’t have a lot of assets, a will can save your family a lot of hassle during a time of grief. If you die without a will, it’s called dying intestate. In this case, the law decides who gets what.
If you already have a will, but your circumstances have changed since you made it – maybe you’ve got married or divorced, entered into or ended a de facto relationship, bought a house or had a child – then you should take another look at it.