People should avoid “pitfalls” when writing a will, says provider
August 3, 2007 by admin
Filed under News, News-Banking
Everyone should not only write a will, but must write it out carefully and properly, according to Willcraft Services.
The online will-making company also said that hiring professionals to do the job could be worth the customer’s while in the long run.
Colin Chapman, managing director at Willcraft, said that “I would say anyone over the age of 18 should make a will to ensure that everything goes where they want it to go. But, being more realistic, the first trigger point is either a child or a property purchase.”
He added that many clients “should really get professionals in to do the job properly because there are so many pitfalls” in the will-making process.
Those who had written a will years previously might well be in need of updating it, Mr Chapman said: “Circumstances have changed and certainly asset values have changed”, he said.
Recent research from Barclays Wealth shows that around two in three Britons have not written a will.
The statistic – 63 per cent of those polled – matches exactly a similar survey conducted the previous year, showing that the importance of writing a will has yet to be fully realised by the British public.
