Where there’s no will – 3 in 5 adults don’t have a will
11 November 2017
- 60% of UK adults and 26% of those aged 55 and over do not have a will.
- 58% of parents with children under 18 haven’t chosen guardians for their children should they die.
- You can get a basic will for free in November which is Will Aid Month, when participating solicitors volunteer their time and waive their fee for writing a basic will.
New research from mutual insurer, Royal London, reveals three in five adults (60%) don’t have a will in place, with a third (33%) not having thought about writing a will.
Surprisingly, the research also found that a quarter (26%) of those aged 55 and over have not written a will. Of these, one in six (16%) over 55s with no will have never even thought about writing one.
Co-habiting couples are less likely to have a will, with three-quarters (77%) not having written one compared to those who are married or in a civil partnership (46%). Single adults (45%) and co-habiting couples (32%) are the least likely to have thought about writing a will compared to those who are married or in a civil partnership (22%) and those who have separated/divorced (21%).
Parents under pressure
Adults with children feel more pressure to write a will, with half (48%) saying they have not written a will but want to write one in the near future. Three in five parents with children under 18 (58%) also haven’t chosen guardians for their children in the event of their death.
Mona Patel, consumer spokesperson for Royal London, said:
“Writing a will may seem daunting and with everything else we should be thinking about, it becomes just another chore on the to-do list. It’s especially important for cohabitating couples to have a will, as the surviving partner does not automatically inherit any estate or possessions left behind. By having a will in place, your loved ones will be able to easily locate all your assets and carry out your wishes when you have gone. It’s also vital to take stock when you reach a milestone such as getting married or starting a family as these events can complicate your financial affairs further.”
November is Will Aid Month, with participating solicitors volunteering their time and waiving their fee for writing a basic Will. Visit www.willaid.org.uk for more information.
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For further information please contact:
Consumer PR Manager
|0203 272 5129|
Notes to editor
YouGov on behalf of Royal London surveyed 2,089 adults between 10th and 11th October 2017. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+).
About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of £106 billion. Group businesses provide around 9.0 million policies and employ 3,449 people. (Figures quoted are as at 30 June 2017)