2. MAKE A WILL AND KEEP IT UP TO DATE Making a will is one of the simplest financial actions anyone can complete. Despite this, nearly 60% of people in the UK currently don’t have a will set up. This means they will die intestate, and their family may have no say over how, and when, their assets are distributed. Given how straightforward it is to set one up, and the potential problems a will can help avoid, there’s really no excuse for not having one. By making a valid will, you can ensure that your wealth passes to the people you want it to. It also means that your executors – the people you name in your will to carry out your wishes – can When a person dies without distribute your assets in clear accordance with your leaving a valid will, their property instructions, and in a timely manner. (the estate) must be shared out If you are married or in a civil partnership, your according to certain rules. These spouse or partner should make a will too. are called the rules of intestacy. Only married or civil partners and some other close relatives can inherit under the rules of intestacy. Key point – Making a valid will ensures your assets are distributed in the way you want them to be. Making a valid will is a key financial planning process.