Death, and therefore planning for death, is understandably at the bottom of most to do lists.

I came across the story below recently and whilst perhaps a little blunt, Mr Kok makes an important point of encouraging us to "UPDATE YOUR WILL".

As Benjamin Franklin put it, "in this world nothing can be said to be certain, except death and taxes". It seems a shame, therefore, that most people are so reluctant to embrace them and even take advantage of them.

A will, if prepared carefully, will ensure your assets are passed on the way you intend, and this is what Mr Kok (and I) are encouraging.

A will is a good start but I would go further and suggest a wider (and regular) review of your personal affairs. 

Without this, it is difficult to be certain that your will will continue to reflect your intentions and that taxes will be mitigated. 

Finally, and whilst by no means a certainty, without considered planning a will can just as easily create as many problems as it solves. For example, a poorly thought-out will can easily destroy relationships within an otherwise harmonious family (and result in very expensive litigation).

A wider planning exercise is obviously more expensive but if you are going to take full advantage of the knowledge that both death and taxes are certain, this really is money very well spent.