You can specify in your will how your assets, possessions, and money will be distributed after your passing.
If you pass away without making a will, there are rules that specify how your assets should be distributed. You might not have wanted your assets and money to be divided in this manner.

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Making a will is necessary if you have children so that arrangements can be made for them in the event that one or both of your parents pass away.

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Making a will also allows you to avoid paying more inheritance tax than necessary.