Update Your Will Week takes places 23rd January – 29th January 2023.
Did you know it’s Update Your Will Week? An awareness campaign hosted by @SFELaywers to highlight the importance of having an up to date will to ensure your wishes are carried out when you die. Help ease distress for your loved ones by updating your will.
New research from @SFELawyers has revealed 7 out of 10 parents in the UK have no legal guardian in place to care for their children in the event of their deaths. Without this being laid out in the will, the courts or social services could decide what happens to them.
New data from @SFELawyers reveals that around half of UK wills are out of date. We recommend reviewing your will every five years or when a major change happens in your life, such as a marriage, a death, or a birth.
Worrying new data from @SFELawyers reveals nearly half of UK adults have experienced a life changing event since last updating their will, possibly making it out of date. It’s best practice to review your will every five years to ensure your wishes are carried out.
It’s officially Update Your Will Week 2023 This week (23rd – 29th January), an awareness campaign hosted by SFE to encourage more people to update their will and ensure their wishes are carried out when they die. This helps minimise disputes – easing distress (and costs) for your loved ones. New research commissioned by SFE revealed only 56% of UK adults have updated their will within the last five years, meaning around a half of wills are out of date.
It also showed that half of UK adults have experienced a life changing event, such as getting married, divorced, or having a child, since last updating their will. We recommend that wills are reviewed and updated every five years, or when a major change occurs that impacts you or your loved ones. In addition, the research revealed that almost three quarters (70%) of parents in the UK have no legal guardian in place to care for their children in the event of their deaths.
According to the research, parents are almost completely unaware of the risks of not identifying a legal guardian in a will; this includes the courts or social services deciding what happens to your children. With only two out of ten parents understanding that social services or the courts can step in to decide what happens to your children if you don’t have a will in place, Pabla & Pabla Solicitors is keen to raise awareness of the risks involved when a guardian isn’t appointed.
Speak to our Suzy Bhaker about making changes to an existing will or creating a new one.
Suzy, the Head of our Private Client department at Pabla & Pabla solicitors, is an accrediated member of SFE, a national organisation of lawyers specialising in advising people planning for later life.
She will be able to provide support and guidance as you discuss your unique situation and wishes, she can also help reduce your inheritance tax bill.
SFE lawyers are experts in this area of law and follow a strict code of conduct which has respect and dignity at its heart. Communicating in a clear, straightforward language, they’re trained to make sure you understand the important decisions you’re making.
Get in touch with Suzy today and make sure your wishes are communicated when you die. Suzy can be contacted on 0161 446 1740 or by email email@example.com