Less than 4 in 10 adults have made a Will

 

A valid and up-to-date Will ensures an estate is distributed according to the deceased's wishes, while also potentially reducing the Inheritance Tax (IHT) liability for the beneficiaries. 

However, most adults do not have a will, but those who do are satisfied with the process of making one, research shows. A YouGov study of 2,063 adults in the UK found that only 38% have made a will, and most tend to put off doing so until later in their life.


Around two-thirds (67%) of those aged 55 and over have a will, but this drops to 36% in the 45 to 54 age group. The main reason for not making a will, according to 41% of those surveyed, is that they "just haven't got round to it yet"

Those who did prepare a will reported an overall high level of satisfaction with the process, with at least three quarters saying they were satisfied or very satisfied with every aspect of it.

 

At Lentells we are able to work with you offering advice and support on all the key areas you need to consider when making or updating your Will. For more information on the importance and process of making a Will go to https://www.lentells.co.uk/sites/www.lentells.co.uk/files/lentells_probate_news.pdf

 

If you would like to arrange an informal discussion please contact:

 

Rob Wegner at our Chard office on 01460 64441 robert.wegner@lentells.co.uk

 

Mike Griffiths at our Seaton office on 01297 20584 michael.griffiths@lentells.co.uk

 

Philip Bedford at our Taunton office on 01823 286274 philip.bedford@lentells.co.uk