30/07/2021
A report by WillSuite in 2020, based on data collected from over 50,000 wills, found that:
• the average age of a testator in the UK is 58 years old
• the 50 to 70 years old range were responsible for over half of the Wills drafted in the UK
Meaning there are a considerable number of young people that don’t have Wills in place. Younger people are more likely to have young children and be co-habiting than those in the 50 to 70 year age range. This means that without a Will their children could face an uncertain future if both parents died before they reached age 18; as it will be down to the Courts to decide who takes on parental responsibility. Furthermore, the co-habiting survivor could be forced to sell the family home and again face an uncertain future as ‘common law spouses’ aren’t entitled under intestacy. Both of these circumstances could have been easily avoided by making a Will to firstly appoint guardians and secondly to make provisions for each other.
Contact me today to find out more about making YOUR will......Becky
