New research by Royal London reveals that 5.4 million adults without a will do not know how to begin if they were to write one.
- 5.4 million adults without a will would not know where to begin if they were to write one.
- Six in ten (59%) parents either do not have a will or have one that is out of date.
- A third (34%) of UK adults said that illness would encourage them to make a will.
Worryingly, the data also shows that 59% of parents either do not have a will, or have one that is out of date. It is especially important for parents to have an up to date will so that if the worst were to happen, their children would be brought up by who they choose.
The research also found that since writing a will three in ten (31%) experienced a significant life event such as marriage or having a baby, yet more than half (53%) have not updated their will.
Many people do not realise that if they were to marry, any previous will is automatically invalidated and is no longer of any value, so it’s vital that wills are reviewed and kept up to date.
More than half (54%) of the adult population do not have a will. Of those who do not have a will one in four (24%) admitted they have no intention of making one, compared to a third (34%) who said that an illness would encourage them to do so.