Less than half of Britons have written wills, survey finds
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Only 40 per cent of the UK population have drafted wills, with men far outnumbering women in putting their estates in order, researchers have found.
Those living in the East Midlands and Scotland were most likely to have a will, while those in the northeast the least likely.
About 17 per cent of those who had not drafted a will said they were too young to consider issues around probate. But of those, 16 per cent were aged between 55 and 64, while 2 per cent were over 64.
The researchers found that about 10 per cent of the public claimed seeking advice on drafting a will would be too expensive. That view was prevalent even among relatively higher earners.
Another 10 per cent of the 1,000 respondents said that they were unaware of how to go about having a will drafted.
“There still isn’t enough emphasis on the importance of having a will in place whatever your age, income or assets,” said Stewart Pope, the chief executive of Perrys, the London accountancy firm that commissioned the research.