Ignoring making a will?
The FT Adviser reports “More than half of the UK population is putting off making 'one of their most important financial decisions' due to apathy, research from a wealth manager has found.
A survey from Tilney found 58 per cent of the British adult population does not have a will, with the most commonly cited excuse being "not getting around to it".
While the percentage of people aged 18 to 24 without a will was the highest at 89 per cent, still some 27 per cent of respondents above the age of 55 said they had not made plans for their estate after their death.
Furthermore, 63 per cent of 45 to 54-year-olds admitted to not having made plans for their estate either. If you have not taken the time to have a will drawn up or arrange lasting power of attorney, your loved ones will most likely not be able to grieve in peace but will have to deal with confusing legal procedures and lack of financial support. At Cotswold Independent Financial Services, we work with people to draw up a will to reflect their wishes and give them and their dependent peace of mind. Read the full article here.