Everyone should have a valid and binding Will. Without one, the court appoints an administrator for your estate (that may cost considerably more than an Executor appointed by you) and it can take months for the process to be completed. There is no guarantee that your beneficiaries / dependents will receive your assets the way you may have intended.
The process of making a new Will does not need to be complex, time consuming or costly – a Will ensures the orderly management of your legacy when you aren’t around to exercise personal control.
As life goes on a number of circumstances often trigger the need to review your Will. In fact, they say it should be reviewed every three years.