Don't ignore Will Power
More than 29 million Britons – around 56 per cent of adults – haven’t written a Will, either formal or informal, meaning their estate would be subject to the strict rules of intestacy. This was the worrying conclusion of research late last year by Direct Line Life Insurance.
The umbrella organisation for Independent Financial Advisers, Unbiased, puts the figure even higher, at 31 million people without a Will. While 71 per cent of those aged 18 to 34 do not have a Will, alarmingly more than a third of adults over 55 – 34 per cent, or 6.8 million people – also do not have a Will in place.
