30m without wills risking children's inheritance

Around 30 million people in the UK could die without leaving their family a legacy, according to new figures.

The comparison site unbiased.co.uk has found in its survey to mark the launch of "Write a Will Week" today (October 25th) that more than a third simply haven't got around to writing a will.

The number of people that haven't got a will in place is also on the rise, with an increase of two million on last year (28 million).

However, more than nine in ten (92 per cent) know who they want to inherit their belongings.

Adults with dependants are among the most unprepared – almost three-quarters (70 per cent) have not yet written a will, which could mean that their possessions automatically go to a surviving spouse.

Commenting on the findings, unbiased's chief executive Karen Barrett said: "Many people are simply unaware that should they die without a will, their assets are distributed according to the rules of intestacy - meaning their assets may not be going to those they would like them to go to."

Posted by Christopher Evans

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Published on: October 25, 2010

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