You do not have to make a will, but you are strongly advised to do so. If you want to have a say over who inherits all or part of your estate, you should make a will.
A Will is a written document that sets out what you would like to happen to your possessions after you die. A Will must be signed and witnessed.
When you die, your possessions are called your ‘estate’. A ‘testator’ is a person who writes a will. If you die without leaving a will, you die ‘intestate’.
If you die without making a will, your estate will be distributed according to the law on succession.
This means that your estate will be distributed between your surviving family members in the way that is set out in law.
For more information contact McGowan Accountancy Services.