New research has highlighted that many British adults are at risk of not having their final wishes respected after their death as they have no Will in place.
According to the survey by Which? only 31% of adults in Scotland have written a Will, compared with 35% in Wales. In England, results were almost as poor, with just 42% having a Will in place.
As many as 61% of people responding to the survey admitted to not having a Will. When asked why not, 38% said they had nothing worth inheriting, 20% said that writing a Will had not occurred to them, and 16% said they had been too busy.
When asked whether they would leave money to charity, two thirds (67%) said that they would not. Of those, the majority (64%) said this was because they wanted to leave their money to family.
There are a number of significant risks associated with not having a Will, which include:
- You will not be able to decide exactly who gets your assets after your death.
- You may not be able to ensure adequate provision for your financial dependants.
- Your family may encounter additional legal fees, challenges and taxes.
- You may not have appointed guardians for any of your children under 18. Guardians can be appointed in legal documents other than a Will, but using a Will is the most common way of doing it.
- If you are not married to your partner, they may be deprived of their home or your collective wealth, as intestacy rules do not automatically recognise unmarried couples.
Contact our Wills Lawyers Glasgow, Scotland
Wilson & Fish are based in Glasgow, but our solicitors work with clients throughout Scotland, including Aberdeen, Ayrshire, Dundee, East Kilbride, Edinburgh, Paisley and Stirling. If you would like to discuss making a Will with one of our expert Wills Solicitors, please contact us today on 01412227951 or complete our online enquiry form.