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Many buy to let investors overlook creating a will, or forget to add their properties to their will – an oversight that could cost your family dear.

Standard Life has found that less than half of people have a current will drawn up. And this is proved to be a problem – nearly one in ten people have experienced difficulties dealing with the financial or legal affairs of an elderly relative. Over half of these relatives did not have a power of attorney in place.

This proves that a will can help avoid painful legal wrangling concerning estates and property. You work hard all your life with a mind to pass on your investments and assets, and just by ignoring a simple financial chore all that could be at risk.

If you are an investor in buy to let and haven’t got a will, or at least have not included your properties within the will, talk to a financial adviser today. It’s not something you want to think about, but it is a reality – you need to secure your finances before you die. And a financial adviser is the best person to help you with the process.

It won’t cost the earth, and it will not take you long. A financial adviser will help you document exactly what you own, what you need to be passing on and what you can do to minimise losses to your estate.

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