New research by campaign group Will Aid has found that roughly 26 million adults (52%) in the UK do not have a will. And for those who do have a will, over 9 million (39%) adults haven’t updated their will for 10 years or more and so these wills may no longer be fit for purpose. That’s why, this November, the Will Aid campaign is working to offer people the ability to get a professional will written by a solicitor for just £95 which is a fraction of the usual cost.
The Will Aid research also shows that:
- Almost 70% of cohabiting couples don’t have a will which means the surviving partner would have no right to inherit.
- 52% of people who are separated are also without a will so that on their death their ex-partner might receive all of their estate under the laws of Intestacy.
- With 56% of parents with dependent children don’t have written a will which could leave their children without financial protection or named guardians to provide a home and care for them if things were to go wrong.
At Noddle, we recently wrote an article detailing exactly why wills are so important, so you might want to check it out here.
Once you’ve given that a read and if you then want to know how to go about creating a will then it’s worth having a look at the Will Aid website which you can find here.
And if you still can’t decide whether or not you think it would be a good idea to make a will, Will Aid have ten situations where making a Will could be essential.
- Couples who are living together but are not legally married or in a civil partnership but who wish their partner to inherit some or all of their estate.
- Couples who are legally married or in a civil partnership and have children and who wish the spouse/civil partner to inherit all of the estate.
- Couples who are legally married or in a civil partnership and want to ensure their children receive a larger share of the estate than under the current rules.
- People with no living relatives who wish to leave their estate to friends (the Crown may take an estate if a person dies leaving no Will and no surviving relatives).
- Those who are legally married or in a civil partnership and don’t wish their spouse/civil partner to inherit anything.
- People who are legally married or are in a civil partnership and have children from a previous relationship and who wish to ensure that those children receive something from the estate.
- People who wish to provide for dependent relatives e.g. minor children, elderly relatives or relatives with a disability who have special needs. When a Will is drawn up, people should appoint guardians to look after any children and set up trusts to provide for dependants.
- If you’re divorced or if your civil partnership has been dissolved, you can decide whether to leave anything to an ex-partner.
- To make arrangements for tax planning where the estate is large and may be liable for Inheritance Tax.
- To leave a lasting gift or legacy to a charity.
This year Will Aid celebrate 26 years of helping and encouraging over 275,000 people to make their wills.
The Laws of England and Wales, Northern Ireland and Scotland differ in many respects. This is just one of many reasons why anybody making a Will must get proper advice from a solicitor from the country in question.