There are a number of reasons for making a will. You can name a guardian for your children should you pass away before they reach adulthood. Their welfare could be severely affected if provisions have not been made for guardianship in the event of your death. You can also ensure your assets are distributed according to your wishes. Wills should be updated as circumstances in your life change, such as the birth of a child, a death in the family, marriages, divorces and property acquisition. You should also review your will regularly to make sure it continues to reflect your wishes.