Brits claims they are 'too young' to make a will

by Sarah Ashcroft

Parents are failing to make provisions for their children by making a will because they claim they are "too young", new research indicates.

Almost half (48 per cent) of people aged between 25 and 50 do not have a will, according to the study on DIY Wills.

One third of those without a will simply said they were too young to bother, despite many of them being parents.

A further 24 per cent described taking about wills as "too morbid", while others said they had not got round to it or they did not need one.

Mark Pearson, chairman of MyVoucherCodes.co.uk, which carried out the study, said it may not be pleasant to discuss inheritance planning, but it is essential.

"I was quite shocked to see that many of the respondents who claimed they didn't need a will were parents, because if you do have children it makes getting a will sorted even more important," he added.

"There are DIY will kits available for those wanting to draft their own," Mr Pearson noted.

The study comes as research from More Than insurance shows Brits are "secretly" leaving large amounts to their pets in their wills.


Published on: July 29, 2011

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