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Half of UK Adults Haven’t Made a Will

On July 21, 2014

Half of UK Adults Haven’t Made a Will

A will is one of the most important considerations you have to make in adult life, however research has revealed that 29.3 million adults in the UK are still yet to make one.

The data was collected by professional advice portal Unbiased.co.uk and Certainty.co.uk, the National Will Register, and showed some concerning statistics relating to the number of people who had not made a will.

Unbiased.co.uk chief executive Karen Barrett said the statistics were as concerning now as they were in 2009, when the last lot of research was done.

She says: “There are still a staggering amount of people without a will; in fact, this year’s data shows the number of 35-54 year olds without a will has risen from 64 per cent to 68 per cent, leaving them and their family in a vulnerable position.

“Too few people are aware of the security a will offers and too many believe it should be written when they are older.”

The findings also revealed a significant increase in adults in their 50’s and 60’s who had not yet made a will, leaving a huge proportion of beneficiaries vulnerable to receiving nothing from their loved ones.

Without a will, adults risk leaving the decision of who gets their estate down to the law under instancy rules, which may not be what they wanted, potentially leaving stepchildren, or unmarried partners financially vulnerable.

The North West was one of the least prepared regions with a total of 64% of those polled saying they did not have a will in place, leaving them and their families in a much more vulnerable position than other areas of the UK.

The poll revealed a number of reasons as to why 58% of the population had not made a will, which included:

  • Putting it off until they are older (25%)
  • It has never crossed their mind (13%)
  • The cost of setting one up (11%)

If you are one of the 29.3million people without a will, then get in touch with Peter Robinson & Co. We can make the process as straightforward and cost effective as possible for you. Whether you need help writing your Will or just guidance with the wider decisions to help protect your Estate and Beneficiaries, we can help.

Call us today for advice on all aspects related to making a will.

 

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