Most adults don’t have a will

More than half of people don't have a will, and many others have a will they have failed to update, according to research by Royal London.

Out of 2,006 adults surveyed, 54% admitted they don't have a will, and 59% of parents either don't have a will or have one that's out of date.

Around 53% of people had not updated their will, despite around three in ten (31%) having experienced a significant life event since they made it.

Many are unaware that getting married or entering into a civil partnership will cancel any previously existing wills.

Mona Patel, consumer spokesperson for Royal London, said:

"Once you have a will, you should update it after any significant life events that could affect your financial situation, such as getting married, divorced or starting a family.

"Taking these important steps allows you to have peace of mind knowing that when you're gone your wishes will be met."

While using a solicitor remains the most popular way of writing a will, we can also help with drawing up a will as part of our estate planning service.

Most of the survey respondents who had written a will described the process as "quick" (85%) and "easy" (90%).

Contact us to discuss your will.

Disclaimer

The views expressed in this article are the personal views of the Author and other professionals may express different views. They may not be the views of Lambert Chapman LLP. The material in the article cannot and should not be considered as exhaustive. Professional advice should be sought in connection with any of the issues contained in the article and the implementation of any actions.

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