According to research by Royal London, more than 5 million people in the UK are confused by Wills and are not sure where to begin. Six in ten parents either do not have a Will or it is out of date. Whilst 34% of UK adults said an illness would prompt them to create a Will.
Of those that do have a Will in place, more than half (53%) have not updated it after a significant life event, such as marriage, becoming parents, or divorcing.
It’s a common belief that making a Will is a complicated, confusing and time-consuming process, with many people claiming that they simply haven’t got around to it yet because of this, and yet from the research of those that have made a Will 85% stated it was quick to do, with 90% agreeing it was an easy process.
Another common factor as to why people do not feel they need a Will is the misconception that friends and family will be able to decide between them what happens to a person’s money, assets and belongings when they die. Sadly, this is not the case and these decisions are taken out of the family’s hands completely, to be handled by the law instead.
This can include who should look after children, should something happen to both parents.
People have long been averse to making a Will, for a range of reasons. From just putting it off, to thinking its time consuming and expensive. Even, it might hasten death!! Unfortunately, we have seen too many times the upset, confusion and high expense that occurs when an estate has no Will when it goes through Intestacy. Invariably the courts get involved, it can take 6 months or more to sort out and relatives can become highly stressed, upset and anxious in dealing with it, at a time when they are also dealing with the grief of the loss of a loved one.
We will create an easy process that ultimately provides the right Will for your needs, removing any future expense, delay or upset. Writing a will is not expensive compared to the cost of not having one at the time of death.
If you are not sure how to get started just give us a call and we can talk you through the process,
with no obligation or expense. Call Graham on 079 888 30691.