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47 ‘average age at which people write their will’

By Vicky Shaw, Press Association Personal Finance Correspondent
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47 ‘average age at which people write their will’

Six in 10 (61%) people say they do not have a will in place, with some saying they are too busy, Which? Legal has found.

The average age at which people write their will is 47, a survey has found.

But six in 10 (61%) people surveyed by Which? Legal say they have no will in place, with 38% of these people claiming to have nothing worth inheriting.

A fifth (20%) of people with no will in place say making a will had not occurred to them, while 16% claim to have been too busy.

Which? Legal found that those who did have a will in place waited until they were 47, on average, before writing it.

The survey found fewer than a third (31%) of people in Scotland have written a will, compared with 35% in Wales.

In England just over two-fifths (42%) of those surveyed have a will in place.

Nearly half (47%) of people surveyed in Northern Ireland have a will.

The research also found 57% of 18 to 24-year-olds say they would leave money to charity in their will, while 19% of those aged over 65 said they would make some form of donation.

Darren Stott, managing director of Which? Legal, said: “It’s clear that people don’t appreciate the risks of not having a valid will in place.

“Even if you think you have nothing worth inheriting, this is often not the case.

“Whatever stage of life you’re at, a will offers peace of mind and ensures that your money, property and other possessions go to the right place.

“Giving money to charity in your will can be a tax efficient way to pass your money on.”

More than 2,070 people across the UK were surveyed.

Here are the percentages of people with a will, according to Which? Legal:

– South West, 47%
– Northern Ireland, 47%
– Eastern England, 44%
– East Midlands, 44%
– South East, 40%
– North East, 36%
– North West, 36%
– Wales, 35%
– West Midlands, 35%
– Yorkshire and Humberside, 34%
– Scotland, 31%
– London, 31%