Over Two-Fifths Of UK Adults Have Not Written A Will: Why You Should Write Yours Now
A Will is one of the most important documents you’ll ever write, ensuring your wishes are respected and your loved ones are protected after you’re gone. Despite this, a recent survey by Canada Life has revealed that over 40% of adults in the UK have not written a Will. This worrying statistic highlights a lack of preparation for end-of-life matters, which can cause problems for families and loved ones.
Failing to make a Will puts your family at risk of unnecessary stress, financial strain, and even legal disputes. If you die intestate (without a Will), the law decides how your estate is divided, which may not reflect your wishes or provide adequately for loved ones. Writing a Will is a simple but essential step to ensure your affairs are handled smoothly and that those you care about are supported.
In this article, we’ll explore the consequences of not having a Will, common misconceptions that prevent people from writing one, and practical steps you can take to protect your loved ones and ensure your wishes are fulfilled.
What Happens If You Die Without a Will?
If you pass away without a Will, your estate will be distributed based on intestacy rules. These rules may not align with your personal wishes, and key individuals in your life, such as unmarried partners or stepchildren, may not inherit anything at all.
In the absence of a Will:
– Married partners may not inherit all your assets, especially if you have children.
– Unmarried partners and close friends are not entitled to any inheritance.
– The division of assets can lead to disputes and delays in settling your estate.
This lack of planning can create unnecessary hardship for those you care about most.
Why Do So Many People Delay Writing a Will?
The Canada Life survey reveals some common reasons why many people put off or avoid writing a Will.
1. “I Don’t Have Enough Assets” (26%)
Many believe that Wills are only necessary for the wealthy, but this is a misconception. A Will is about more than dividing up monetary wealth – it also ensures sentimental possessions are given to the right people and appoints guardians for children.
2. “I Have Plenty of Time” (20%)
Life is unpredictable, and the belief that there’s always “plenty of time” often leads to procrastination. Starting early ensures your loved ones are protected no matter what happens.
3. “I Don’t Want to Pay” (15%)
Cost is often cited as a barrier, but writing a Will can be more affordable than you think. For example, our Will writing service starts at just £99 for a single Will. Considering the potential legal fees and family disputes that could arise without one, it’s a small price to pay for peace of mind.
4. “My Loved Ones Will Inherit Automatically” (14%)
Intestacy rules often result in unexpected outcomes. For instance, if you’re unmarried, your partner could be left with nothing, regardless of how long you’ve been together.
The Benefits of Writing a Will for You and Your Loved Ones
A Will does much more than just divide your assets. It can protect your loved ones in various ways:
- Ensure Your Wishes Are Followed
Decide who inherits your property, sentimental items, or family heirlooms. - Appoint Guardians for Children
Without a Will, the courts decide who will care for your children if you pass away. - Minimise Family Disputes
A clear, legal document reduces the risk of misunderstandings and conflicts. - Speed Up the Probate Process
A valid Will makes the legal process of settling your estate quicker and more straightforward. - Reduce Inheritance Tax
Careful estate planning can help minimise the tax burden on your loved ones.
The Emotional Impact of Not Writing a Will
For families, dealing with the legal complexities of an estate without a Will can add emotional stress during an already challenging time. Having a Will in place is one of the best ways to ease the burden on your loved ones, ensuring they are not left to deal with confusion or potential disagreements.
How to Get Started
You might think that writing a Will is complicated or intimidating, but with a few simple steps, it can be a very straightforward process.
- Take Stock of Your Assets
List your possessions, savings, and any properties you own. - Decide Who Will Benefit
Choose who you want to inherit your assets, whether it’s family, friends, or charities. - Appoint Executors
These are the individuals who will carry out your wishes. - Seek Professional Guidance
A legal advisor can ensure your will is legally binding and meets your needs.
Review Your Will Regularly
Life is constantly changing, and so should your Will. Major life events such as marriage, divorce, the birth of a child, or buying a house can affect your estate planning. Regularly reviewing your Will ensures it reflects your current circumstances and wishes.
How ELM Legal Services Can Help
At ELM Legal Services, we have helped over 30,000 clients across England and Wales with Wills, probate matters, and Power of Attorney arrangements, making the process straightforward and accessible. Our friendly team is dedicated to providing advice personalised to your needs.
Whether you need assistance drafting a Will, managing an estate, or minimising tax liabilities, our expert advisers are here to guide you every step of the way. We’re committed to ensuring your wishes are honoured and your loved ones are protected.
Take Action Today
Despite the pressing need for preparation, less than half of UK adults have even discussed their end-of-life wishes with loved ones. Starting these conversations and putting a Will in place now can prevent unnecessary stress and uncertainty later.
Don’t delay—contact us today to secure your future and provide peace of mind for those you care about most.
Call 0117 952 0698 or submit a free, no-obligation enquiry.
