There’s a folder in my hall cupboard that I will probably never personally use — but one day, it will be incredibly useful for someone else. I recommend every adult has one of these. It’s my “Death Folder” — or, as I sometimes call it, my “In Case Of” Folder. Inside is all the important, practical information my loved ones will need if I die or if I ever become unable to manage my finances or make decisions for myself.

Contemplating your death is not something anyone relishes which is possibly why so many people put off completing their will or updating it.