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Majority of Brits 'do not have a will'
January 31, 2012
A survey suggests that 63 per cent of people do not have a will.
Almost two-thirds (63 per cent) of Britons do not have a will, a new survey has found.
Investment managers Brewin Dolphin commissioned a poll of 2,028 adults which found that most did not have a will in place, including 57 per cent of married or co-habiting people.
When asked why they did not have a will, 30 per cent of respondents said they simply did not have enough possessions to make it worthwhile.
One in four said they were too young to need a will, 24 per cent said it was unimportant, and 13 per cent claimed it was too morbid.
Charlotte Black, head of corporate affairs at Brewin Dolphin, said: "Will-making should definitely be on the 2012 resolution lists for 63 per cent of British residents.
"If they didn't have one and died suddenly, their estate could go to a relative who they wouldn't necessarily choose to benefit."
Research by Legal & General suggests that 69 per cent of people are aware of the potential impact of inheritance tax, yet most have done nothing to mitigate their liability.
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