A worrying survey has found that almost one third of wills across Britain are not up to date. A recent survey found that 64% of adults do not have a will, with 32% of all wills currently out of date.
The survey highlights the importance of leaving a will to ensure your loved ones having something once you are gone.
The figures come despite the vast majority of solicitors and inheritance lawyers experiencing a surge in the number of legal disputes and inheritance claims. A number of challenges to wills came from aggrieved relatives choosing to contest a will, beneficiaries who are concerned about how executors are dealing with the estate and charities ensuring that the gift left to them is protected.
Make A Copy
One of the main reasons for wills being challenged was due to loved ones finding an out of date will and believing it was the last will and testament. When making a will it is important to inform loved ones of demands, changes and provide them with a copy.
Due to the fact that there is no central register of wills it is imperative to have your will up to date and ensure that the will with your solicitor is your current will. A survey found that over 33% of wills had not been updated in the last six years, with 10% of wills not being updated since their creation, or in the last 20 years.
Changing Circumstances
It is of vital importance that wills are kept up to date and that loved ones are given a copy of a will. When circumstances change, wills should be updated to reflect the changes. Whether it be marriage, divorce or the birth of a new child or grandchild, it is important to reflect any changes in your estate in your will.
The issues created by not having a will or not having a will in order can result in a family dispute and issues arising over what you intend to bequeath your loved ones.
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