5.4m Brits Do Not Know How To Write A Will
A Will is essential in helping those left behind to determine the deceased’s wishes, but despite this, a huge number of Brits have not written one.
New research from insurer Royal London has shown 59 per cent of parents do not have a Will that is in date, and a huge 5.4 million adults do not even know how to go about writing one.
In fact, setting up a Will can be simple and one can be written very quickly with the help of solicitors in Chesham, Amersham and Beaconsfield.
However, of those who have a Will, more than half (53 per cent) have failed to update it after a significant life event, such as having a baby or getting married. Therefore, their previous Will could be null and void, or may not take into account new people who have come into their life since they wrote one.
Consumer spokesperson for Royal London Mona Patel emphasised the importance of having a Will.
“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 having a family,” she stated.
The expert added that once you have a Will in place, you can “have peace of mind knowing that when you’re going, your wishes Will be met”.
This comes after Direct Line Life Insurance reported that 56 per cent of Brits have no Will, and only 32 per cent of those who do have one have made it with professional guidance.
Business manager of the insurer Jane Morgan stated that having a Will is even more valuable these days as family units are more complicated due to multiple marriages, divorces and step-children, and intestacy rules do not take these different dynamics into account.