There are a number of shocking UK Will writing statistics that should be given greater public attention. Laura Richardson identifies some of the key figures that need to be accounted for now . . .
As the famous saying goes, there are only two things that are inevitable in life; death and taxes! Why then are so many UK residents unprepared for their death? Andrew Douglas Wills & Legal Services have compiled some shocking statistics regarding Will writing in the UK!
Shocking UK Will Writings Statistics #1:
Despite knowing the purpose of a Will, a survey conducted by Royal London Insurance revealed that 5.4 million UK residents don’t know how to go about writing a Will!
Shocking UK Will Writings Statistics #2:
Nearly two-thirds of UK adults don’t have a valid Will! If you die without a Will, your assets could be distributed according to intestacy laws, which could result in loved ones missing out on the inheritance you would have wished for them!
Shocking UK Will Writings Statistics #3:
According to the Law Society, in 2014 a shocking £8 million worth of property reverted to the Crown due to people dying intestate!
Shocking UK Will Writings Statistics #4:
According to research by unbiased.co.uk in 2016, 75% of those surveyed had not reviewed their Will in the last ten years! Not reviewing your Will could mean that your Will no longer accurately reflects your wishes or circumstance; a lot can change in ten years!
Shocking UK Will Writings Statistics #5:
In 2013 a survey by Certainty.co.uk revealed that 67% of UK residents were unaware of the location of their parents’ Wills! Should a Will not be able to be located then unfortunately your Estate would be treated as if you had never made a Will.
To conclude, what our shocking statistics show us is that if you haven’t yet made a Will, it is never too early to start. Writing a Will need not be a complicated process, in fact, we at Andrew Douglas Wills & Legal Services make the whole process as simple as possible for our clients across the UK. We won’t dazzle you with legal jargon, or overwhelm you with paperwork and you can rest assured that your Will meets the legal requirements to be valid in the UK. If you would like to discuss any aspect of your Will, Andrew Douglas Wills & Legal Services remain fully operational during UK ‘lockdown’ by providing a fully remote service to ensure the safety of our clients during these worrying times. If you would like to arrange a free no-obligation discussion, call us today!
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