6 out of 10 don’t have a Will – new research findings

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Foresters Friendly Society and the survey firm ICM Direct have found that a shocking 61% of people have not made a Will, and out of those who have, one in ten have not told loved ones where it is.

The survey has also shown that out of those with a Will, one in eight haven’t reviewed it for over 10 years, and that 46% of parents with children under the age of five who do have a Will haven’t reviewed it in those five years. More worrying, two thirds of parents with children under the age of five don’t have a Will at all, and half of those aged between 55 and 64 also have not taken this essential step.

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The study shows that an alarming number of people are relying on self-written Wills, that a quarter of people have never even thought about writing a Will and that 23% thought they were too poor to have a Will.

Inevitably it is children of all ages who would be most affected if their parents were to die without a Will. Neil Armitage, marketing director for Foresters Friendly, said: "Our research has shown that British people are not planning for a future without themselves in it. It is a great risk to run when the fate of young children and a great deal of money is at stake.”

The survey did find that 80% of people would prefer to make a Will in a face-to-face situation with an expert advisor and a spokesman for Edinburgh-based IFA firm Wealthflow said: "Ultimately it is a good idea to get advice and to make a Will. It makes things easier for beneficiaries suffering from bereavement".


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