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adults surveyed, 54% admitted they don’t have a will, and 59% of parents either don’t have a will or have one that’s out of date.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 has 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 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 are 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 have written a will describe the process as “quick” (85%) and “easy” (90%)
Contact us to discuss your will.
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