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Have you thought about your will?
Tuesday 14th October 2014
According to our survey 56% of people believe that having a will is very important yet only 38% of people actually have one.
Writing a will can stand to be one of the most important documents you’ll ever have your name on as it is the only voice you have once you’re no longer around. Marsden Rawsthorn conducted a survey on the topic of Wills in order to better understand the view of our clients as well as the general public on this potentially very important subject.
Below are our findings:
Wills Survey results
Do you have a Will?
38% - Yes
62% - No
What is your marital status?
42% - Married
24% - Single
8% - Divorced
26% - Co-habiting
On a scale of 1-10 how important is it to have a Will? With 1 being not important and 10 being very important.
6% - 1
2% - 2
4% - 3
2% - 4
6% - 5
6% - 6
4% - 7
12% - 8
2% - 9
What would motivate you to make a Will?
8.7% - Marriage
63.04% - Children / Grandchildren
8.70% - Death of someone
4.35% - Divorce
15.22% - When purchasing a property
0% - When starting a business
0% - A charity initiative
When do you believe you should write a Will?
32.61% - Once engaged / married
32.61% - Pregnancy / birth
28.26% - When purchasing property
0% - When starting a business
6.52% - When I’m over 50
When, if ever, would you change your Will?
6.25% - Once married
27.08% - After a divorce
16.67% - Birth of child
12.50% - In the event of a family feud
33.33% - Improved financial circumstances (i.e. inheritance)
4.17% - Purchase of a property
0% - New business partnership
Why do you believe people choose not to have a Will?
25.71% - My family know my wishes
0% - My family would never argue over my wishes
65.71% - Everything will automatically go to my next of kin and that is the way I want it
0% - An off the shelf will is good enough
8.57% - There is no point making a will as it can be challenged anyway
Does your Will include instructions about your digital legacy? i.e. social media, iTunes and online shopping accounts and do you believe this is important?
6% - Yes, my Will includes my digital legacy and yes I think it is important
0% - Yes, my Will includes my digital legacy but I don’t think it is important
28% - No, my Will doesn’t include my digital legacy but I do think it is important
66% - No, my Will doesn’t include my digital legacy and I don’t think it is important
Would you purchase an off the shelf Will? Do you think a high street Will provides you with all the information you need for a Will?
10% - Yes, I would purchase an off the shelf Will and I do believe it would provide me with all the information I would need
10% - Yes, I would purchase an off the shelf Will, although I understand it may not be as comprehensive as a traditional Will
14% - No, I wouldn't purchase an off the shelf Will, but I do believe it would provide me with all the information I would need
66% - No, I wouldn't purchase an off the shelf Will, as I don't believe it would provide me with all the information I would need
Who would you choose to prepare your Will?
16% - I would do it myself
56% - I would appoint a solicitor
28% - I would appoint a Will writer
See more news from 2014.
- Walk the Lights for Rosemere - Posted by A-1 on 2017-10-19
- 10% off LPA when you do a Will at the same time - Posted by A-1 on 2017-10-13
- World Head and Neck Cancer Conference - Posted by A-1 on 2017-11-08
- Get To Know Our New Starters - Posted by A-1 on 2017-08-29
- Supporting Rosemere with staff Christmas Jumper Day - Posted by A-1 on 2017-12-15
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