Will and Probate Statistics

Based on a survey of 2000 adults:-

51% do not have a Will .

Those who do have a Will:-

35-44     39%

45-54     62%

55-64      67%

65+          77%

The older you are the more likely you are to have a Will.

From people surveyed :-

58% reviewed their Will within the last 3 years

30% reviewed their Will  between 3-10 years previously

61% of widowed ,separated or divorced have a Will

54% of married people have a Will.

75% who own their own house outright have a Will

Estate Planning and Inheritance Tax

54% are unaware of the ability to transfer the IHT free band between husband and wife and between civil partners

66% do not have an ongoing advice relationship with a professional adviser.

Based on 2750 consumers in England and Wales

36% had a will which suggested 27.5 million adults do not have a Will

70% of those aged 65+ had a Will .2 million of people in this category have not yet made a Will.

68% of widows were more likely to have a Will

45% of either married or divorced people had a Will.

Reason for not having a Will

42% haven’t got round to it.

30% had never thought about it of which almost 20% were aged 65+

15% felt that they were too young to think about it but intended to do so in the future including 37%  of 16-24 year olds

10% said they had not made a Will as they didn’t want to think about dying.

12% of people who had experienced illness changes in personal relationships or having children prompted them to have a Will

These are surprising statistics bearing in mind the crucial final instructions which should be contained in a Will as far as your family is concerned.

Please contact Consumer Care to discuss why you should make a Will