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Making a will: Sharp rise for intestate queries | Making a will: Sharp rise for intestate queries |
(about 7 hours later) | |
The number of enquiries about people who have died without making a will has more than doubled over the past five years, Citizens Advice says. | |
The charity told BBC 5 live Daily it had 1,522 such queries in 2011, rising to 3,747 in 2015, along with a rise in queries about problems executing wills. | The charity told BBC 5 live Daily it had 1,522 such queries in 2011, rising to 3,747 in 2015, along with a rise in queries about problems executing wills. |
According to a YouGov survey, nearly two thirds of the British adult population do not have a will. | According to a YouGov survey, nearly two thirds of the British adult population do not have a will. |
Lawyers say not leaving one can cause financial stress for loved ones. | Lawyers say not leaving one can cause financial stress for loved ones. |
Last month it emerged that the musician Prince died without a will - a situation known as intestacy. A bank was brought in to manage his assets, worth hundreds of millions of dollars. | Last month it emerged that the musician Prince died without a will - a situation known as intestacy. A bank was brought in to manage his assets, worth hundreds of millions of dollars. |
Citizens Advice queries | Citizens Advice queries |
On intestacy problems: | On intestacy problems: |
On executing wills (including probate): | On executing wills (including probate): |
According to the YouGov survey of 1,794 adults, 38% of the public in England and Wales had a will in 2015, up from 35% in 2014. | According to the YouGov survey of 1,794 adults, 38% of the public in England and Wales had a will in 2015, up from 35% in 2014. |
The poll was conducted by YouGov for the Legal Services Consumer Panel Tracker Survey 2015. | The poll was conducted by YouGov for the Legal Services Consumer Panel Tracker Survey 2015. |
Brian, who did not wish to give his surname, administered his cousin Peter's estate after he died without making a will, leaving an estate worth about £700,000. | Brian, who did not wish to give his surname, administered his cousin Peter's estate after he died without making a will, leaving an estate worth about £700,000. |
The process took about two years, cost thousands of pounds and resulted in 17 people, some of whom had never met Peter, splitting his estate. | The process took about two years, cost thousands of pounds and resulted in 17 people, some of whom had never met Peter, splitting his estate. |
Final wishes | Final wishes |
Brian said: "We had to pay £240,000 in inheritance tax so that hurts. If he had gone to a solicitor or a nice little company which I've used, they would have sorted all that out for him. | Brian said: "We had to pay £240,000 in inheritance tax so that hurts. If he had gone to a solicitor or a nice little company which I've used, they would have sorted all that out for him. |
"It took two years of my life. I really took it on as a bit of a challenge really, and I felt obliged to do it because we were fairly close, and I just felt I had to do it. | "It took two years of my life. I really took it on as a bit of a challenge really, and I felt obliged to do it because we were fairly close, and I just felt I had to do it. |
"I think my message to everyone would be to please make a will, because then you can give your money to the people of your choice." | "I think my message to everyone would be to please make a will, because then you can give your money to the people of your choice." |
Jonathan Smithers from the Law Society, which represents solicitors in England and Wales, said it was important for people to make a will, especially those with children or property or financial investments. | Jonathan Smithers from the Law Society, which represents solicitors in England and Wales, said it was important for people to make a will, especially those with children or property or financial investments. |
"A will helps to ensure that your assets are divided among the family, friends and charities of your choice, and can help you manage the amount of inheritance tax you pay," he said. | "A will helps to ensure that your assets are divided among the family, friends and charities of your choice, and can help you manage the amount of inheritance tax you pay," he said. |
"Thousands of people die every year without making a will or without one that has been properly drafted. If you die without a will your final wishes may well go unheeded, and your loved ones may have to cope with additional financial stress at a time of bereavement." | "Thousands of people die every year without making a will or without one that has been properly drafted. If you die without a will your final wishes may well go unheeded, and your loved ones may have to cope with additional financial stress at a time of bereavement." |
What happens if there is no will? | What happens if there is no will? |
Source: Citizens Advice | Source: Citizens Advice |
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