Moneywise users update wills after important milestones, but a third don’t have one

Published by Helen Knapman on 27 November 2017.
Last updated on 27 November 2017

Moneywise users update wills after important milestones, but a third don’t have one

Nearly three in 10 (29%) Moneywise.co.uk users plan to review or update their wills after important milestones, the results of our latest poll reveal.

These life events could include marriage, divorce, the birth of children or grandchildren, buying a house or retirement.

A further 8% said they update their will at least every 10 years, 6% update theirs at least every five years or less, and 7% simply update their will when they remember to do so.

However, nearly two in 10 (17%) said they don’t need to update their will as it covers all eventualities.

Yet the results of our poll, which we’ve coincided with this month’s Will Aid, found that a nearly a third (32%) of those who voted don’t have a will.

This is made up of 25% of people who don’t have a will but who plan to make one and of 7% of people who don’t have a will but who have no plans to make one.

Failure to have a will could result in any property, possessions or money left when you die being shared out according to intestacy rules, which means it may not go to your preferred person or cause.  

See the full poll results in the pie chart below. 

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