Research from Macmillan[1] highlights the worrying fact that two in three people living in Britain don\u2019t have a Will \u2013 including 42% of over-55s. Without an up-to-date Will, the law could supersede a person\u2019s final wishes and leave treasured possessions, money, property and even dependent children with someone they may not have chosen.<\/p>\n
This news comes despite official guidance recommending that people review their Will every five years and after any major life changes[2], yet a quarter of Wills have not been updated for at least five years[3].<\/p>\n
Top five things to do to help your loved ones after you have gone:<\/strong><\/p>\n 1.\u00a0Write a Will<\/strong> 2.\u00a0Think about care of children<\/strong> 3.\u00a0Write a \u2018when I\u2019m gone\u2019 list<\/strong> 4.\u00a0Make a plan to pay for your funeral<\/strong> 5.\u00a0Have a conversation with your family<\/strong> Source data:<\/strong> PAST PERFORMANCE IS NOT A RELIABLE INDICATOR OF FUTURE PERFORMANCE.<\/p>\n","protected":false},"excerpt":{"rendered":" How a simple list can help your loved ones after your death Although it may not feel like it, your family finances are probably more precarious than you think. It\u2019s all well and good when the breadwinners are healthy and working, but if something unfortunate were to happen, the outlook for those around you could… Read more »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts\/2397"}],"collection":[{"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/comments?post=2397"}],"version-history":[{"count":0,"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/posts\/2397\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/media?parent=2397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/categories?post=2397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ashleighcourt.com\/news\/wp-json\/wp\/v2\/tags?post=2397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nA Will ensures that the right people inherit from you, and while most of us know how important it is to have a Will and keep it up to date, many of us don\u2019t do it. The research shows that three in five adults (60%) don\u2019t have a Will, and a quarter (26%) of those are aged 55 and above. It\u2019s especially important for cohabitating couples to have a Will, as the surviving partner does not automatically inherit any estate or possessions left behind.<\/p>\n
\nIf you have children, it\u2019s important to decide on guardians, but three in five (58%) parents with children under 18 haven\u2019t chosen guardians should they die. Think about who you would want to step into this role, and ask them if they\u2019d be happy to do so. Then make sure you appoint them as guardians in your Will.<\/p>\n
\nMore than one in ten (12%) adults admitted that it would be very difficult for anyone to handle their financial affairs after they died. Pulling together all your personal and financial information into one simple document can really help your loved ones when you\u2019re gone.<\/p>\n
\nResearch shows that the average cost of a funeral is around \u00a33,800, with one in six people (16%) saying they struggled with the cost. Having a plan in place to pay for your funeral will mean your family won\u2019t have to find several thousand pounds at a difficult time.<\/p>\n
\nHaving a conversation with your family about your wishes can remove a great deal of uncertainty for them in the event of your death. The research shows that of those who have had to arrange a funeral, two in five (41%) were not left any instructions from the deceased. Starting a conversation might include talking about your funeral wishes with your loved ones or showing them where your important documents are kept.<\/p>\n
\n[1] Macmillan\/Opinion Matters online survey of 2,000 UK adults. Fieldwork conducted 1\u20134 December 2017. Figures based on total population.
\n[2] Office for National Statistics. UK population mid-year estimate for adults aged 18 or over. Available from: https:\/\/www.ons.gov.uk\/peoplepopulationandcommunity\/populationandmigration\/populationestimates\/datasets\/populationestimatesforukenglandandwalesscotlandandnorthernireland [Accessed 12 December 2017]
\n[3] https:\/\/www.gov.uk\/make-will\/updating-your-will<\/em><\/p>\n