We should all have at least a basic will, It is far better than depending upon the Rules Of Intestacy which is the Will the government allocates to anyone who has not made their own bespoke Will. A basic Will often causes more problems than it would ever anticipate. We need a Will that addresses more than just the basic issues such as appointing guardians for our children, protecting the family home from means-tested assessment, gifting to charity, setting up trusts, or even excluding someone! The list goes on.
This is where individual Wills created, following qualified and experienced advice are essential. Buying a Will 'off the shelf' or 'doing it yourself' without such qualified, experienced advice is so dangerous.
Sadly many people see a Will as a straight forward basic document that purely says such as "All to my wife and then all to my kids" without considering the issues and major concerns that such a Will creates! My focus is on making sure that my clients are aware of the consequences of such a Will, where a Beneficiary can either lose his/her inheritance or it could severely harm them.
I am a huge believer in the use of Trusts within a Will to protect a beneficiary's inheritance for them and to protect that beneficiary from being adversely affected by such an inheritance. Trusts are really quite simple and hugely beneficial, I have 2 in my Will, 1 to protect my property and 1 to protect the residue of my estate!