If you do not have a valid will when you die, all your assets after your death will be distributed in accordance with the laws of the State in which your assets are held. If you do not have any next of kin, your assets may end up in the hands of the Government.
Some people today make their own wills because they believe it is easier and much cheaper than going to see a solicitor. This attitude is short-sighted and fraught with danger as it often means the wishes of the person are not carried out. The law of wills has many pitfalls and you are urged to obtain proper advice. A will is a written document that sets out how a person wishes their assets to be distributed to their beneficiaries (usually family or loved ones) following that person’s death. It is one of the most important documents you will ever sign. Drawing of wills is a highly complex task and in today’s world with blended families, wills have to be well drafted in order to reflect the wishes of the person making the will.
Using a Will Kit means using a form that is a “one size fits all” type of document that does not advise on or alerts you to any of the complex problems you may encounter. Even if you have what you consider to be a simple will involving modest assets, you are unlikely to understand the requirements for making a valid will.