More than two fifths (44%) of homeowners do not have a will in place; of those who don’t have a will because they have ‘nothing valuable to pass on’, one in six own a property, according to research from Royal London.
Mona Patel, consumer spokesperson at Royal London, said: "It's surprising that some people don't think their home is worth including in their will. Writing a will seems to be seen as an admin task that never makes it to the top of the "to-do" list. It's worth making it a priority as having a will in place could help avoid any unnecessary distress at an already difficult time for loved ones." March is Free Wills Month and Royal London asked homeowners and adults about their wills and decision-making process. Free Wills Month offers people aged 55 and over the chance to write or update...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.