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Wills in the UK - Reservations amongst the over 50's

A survey has been carried out of 1000 people....

Do you have a valid up-to-date Will?

70% don’t have a valid up-to-date Will document

46% have had a major life change since they last reviewed their document

Wills gathering dust

24% Haven’t reviewed their Will for 5 years

10% haven’t reviewed their Will at all for over for 10 years

Life changes but has your Will?

69% are saying that they would not be completely confident that their family would carry out their final wishes were they to die without a valid Will

22% admit to having had a new grandchild enter the family since they last reviewed their Will

20% have either bought or sold a property since they last reviewed their Will

10% have seen at least one of their children get married since they last reviewed their Will

Barriers to talking about Wills

25% of adults of all ages are delaying writing Wills for the following reasons:

21% - too much hassle

21% feel they don’t have enough assets to make it worthwhile

21% have concerns about legal costs involved

19%  it hasn’t occurred to them that they might need a Will

Adults with a valid Will in the UK

In the Midlands only 18% of adults have a valid Will

Everyone deserves a Will

74% of women admit they would not be completely confident that their family members would know how to attend to their wishes and distribute their assets

27% of British women believe they don’t actually have any assets to make it worth while creating a Will

 

Don't leave it to chance, make sure your Will is updated or create one today.  Please contact our team on 01926 491181 if you would like to discuss any aspect of making a Will or Lasting Powers of Attorney, we are here to help.

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