Where there’s no will
Almost two-thirds of UK adults do not have a will, so run the risk of losing control over what happens to their estate if they die, says a new report.
The research from The Co-operative Funeralcare says the average age of first time will-writers is 42, but a quarter leave it until post 55.
The most common prompt is reaching a milestone age, but having a child, the death of relative and buying property are also key triggers.
These also prompt some people to update their will – although half have never updated their wishes despite the fact that marriage, divorce or death can have significant impact.
James Antoniou, head of wills, for The Co-operative Legal Services, said the research showed “a worrying gap” in end-of-life planning, which could leave relatives facing additional stress and confusion while grieving.
“The research suggests that we’re a nation who tend to bury our heads in the sand when it comes to end of life planning,” he added.
“To ensure that people’s wishes about their estate are clear, it is crucial they take the right advice and put an effective will in place."
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