Don't put off making a Will if you're single

Are you single? Then you should think about making a will to ensure that your belongings pass to the people that you want to benefit. Without a making a will your assets are likely to pass to your next of kin under the "Intestacy Rules". The Intestacy Rules provide an order of Beneficiaries starting with your parents and moving on to your brothers, sisters and remoter relatives.

People often think "I have nothing to leave so why bother making a will". Well remember you maybe an owner of a house and there may be a considerable amount of equity which you will want to pass to your nominated Beneficiaries. You may also subsequently acquire assets, so making a will is extremely important.

Wills are strict legal documents, which have to be signed and witnessed in a very specific way. The Wills Act requires that a Will is in writing and signed by the person making a will in the presence of two independent witnesses both of whom must be together (not a couple).

Any verbal changes to a Will are not valid and it is, therefore, very important that any changes to an existing Will are made by either creating a brand new Will or by Codicil.

So if you're single, making a will is a wise move to ensure your loved ones are provided for.