Men are more likely to keep and update a Will

By Lenore Rice

New research by the Law Society reveals that men are more likely to have a Will and keep it updated than women, however the vast majority of adults in Northern Ireland and the rest of the UK have not made a Will.

According to the Law Society figures 73 per cent of 16-54 year olds do not have a Will and 64 per cent of people over the age of 55 do not have one. When someone dies without a Will their estate is passed on via the rules of intestacy. Last year the government received £8million as a result of people dying without a Will. The risk of not making a Will is that the estate may pass on to people that the deceased did not intend it to, or even if it does eventually go to the right people, there is unnecessary emotional and financial stress that could have been avoided if a Will was in place.

People largely accept the need for a Will and it is a relatively inexpensive legal document to draft, however thousands of us put off making one until it is too late. The most common excuses cited by people who don't have a Will is that they feel they still have plenty of time to make one, or that they don't own enough to bother with a Will, or that their estate will just pass on to their family anyway.

The family set up in Northern Ireland and the rest of the UK is becoming increasingly more complicated. Couples who have separated and go on to live with another partner, and perhaps have children with them, may know how they would like their estate passed on, but if it is not put in writing they risk their loved ones missing out. It is not uncommon for someone who has separated and moved on with a new partner to die intestate and have their entire estate pass to their ex-spouse.

If you need to make or update a Will, contact Wilson Nesbitt in Northern Ireland today for a free Will information pack by calling 0800 840 9293.

Or submit your details online for a callback by clicking here.