A will is a legal document that allows you to state what should happen to your assets (your money, property, investments and possessions) as well as your young children after you have passed away.
There are different types of will available, and they each suit different needs. Is the will just for you or you and your partner? A basic will for a single person is known as a single will and is best for people who want to record their own individual wishes. If your wishes are very similar to someone else’s (typically your partner or spouse) then you may want to make standard mirror will together.
Alternatively there are various trust will available. These may be more suitable if, for example, you want to provide for your partner but also have children from a previous relationship. A trust will can also help to protect your estate against care home fees, or it can be used to protect inheritance if a beneficiaries is unable to manage their finances.