A last will and testament is probably something that most of us would rather avoid thinking about, but it could be one of the most important documents you'll ever have to complete. So how many of us actually have a valid will, and why is it so important to have one in place despite your age and earthly possessions?

In this episode of Friends With Money, managing editor Julia Newbould is joined by  Peter Bobbin, principal lawyer at Coleman Greig Lawyers, to talk about wills, why they are important, and what to consider when putting one in place for your estate.

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