Importance of will planning

According to recent research published by Canada Life more than half of adults in the UK do not have a will. The survey based on 2 000 adults also revealed that one in three of those aged 55 and over have not made a will. Most of those surveyed felt that their assets were insufficient to merit making a will while others were of the opinion that their loved ones would automatically inherit their wealth regardless of whether a will was in place or not. Other reasons ranged from feeling that there was plenty of time for a will to be written and not knowing how or where to start.

Intestacy rules

Unfortunately many people are unaware that not making a will can have unintended or unforeseen consequences. When a person domiciled in England and Wales dies without making a will...