There are two ways of looking at this. Either you look at the advantages of making a Will - you set out what you want to happen to your estate after you die. In short, you take the responsible route and show your loved ones that you care about them by sorting out your affairs whilst you are still capable of doing so.
Or you think about the disadvantages of not making a Will - your estate will be treated as an Intestacy and will be dealt with according to the Rules of Intestacy (whereby only married or civil partners and certain relatives can inherit). You also leave a mess for your loved ones to try and sort out with all the headaches that this entails at a time when they are already grieving.
Either way, it is simply prudent to put a Will in place even if you don't think there is much to leave.
The key areas to consider when making your Will are:
You may also wish to consider:
Inheritance Tax may be a consideration and part of my role will be to suggest ways in which you can optimise your Estate Planning to reduce your Inheritance Tax liability. Please note that I am an expert in Will Writing but that I am not a Financial Consultant. If you are concerned about Inheritance Tax and your Estate, it is my recommendation that you seek further advice from a Financial Consultant. I am happy to introduce you to one if that would be useful to you.