Every person with assets needs a will. It will ensure that your wishes are seen to after your death, and it stipulates how your estate should be managed and who should receive your assets.

The most important issue is that your will should be a practical document – one that is easy to understand and easy to execute. If your wishes are simple and easily executable, your financial adviser can probably help.

If however you suspect that your will will be more complicated, for instance because there are children from a previous marriage, complex business arrangements and specific wishes, you should call in the help of a trust company. Read more about complex wills here.