Recent research from Machins Solicitors LLP and Today’s Wills and Probate reveals that around 41% of UK adults now have a will, an increase from 38% in 2024. While this rise shows encouraging progress, the majority of adults still have no formal plan in place for how their assets and responsibilities will be managed after death. The trend highlights growing awareness of the importance of estate planning, but also a significant gap, particularly among younger generations.
Experts suggest that major factors such as the cost of living crisis, the pandemic, and increased digital engagement have encouraged more people to think about long-term planning. The process of writing a will has also become more accessible, with online options and fixed-fee legal services allowing people to take control of their affairs more easily. Despite these improvements, misconceptions about cost and complexity continue to deter many from taking action.
Younger adults are the least likely to have a will. Many assume it is only necessary for those with substantial wealth or dependants, yet even modest estates can create difficulty if no instructions are in place. Without a valid will, assets are distributed under the rules of intestacy, which may not reflect personal wishes or modern family structures. This can lead to unnecessary stress, disputes and financial hardship for loved ones.
Solicitors are increasingly advising clients to review their wills more frequently, particularly when major life changes occur such as buying a property, having children or entering a new relationship. A will is not only about passing on assets but also about appointing trusted people to act as executors or guardians, and ensuring clarity about personal intentions.
At Penerley, we encourage individuals of all ages to see a will as part of responsible financial and family planning rather than a task for later life. Our Private Client team provides clear, affordable advice to help you create or update your will, ensuring your estate is protected and your loved ones are provided for.
To find out more about making or reviewing a will, contact Penerley today for professional guidance tailored to your circumstances.
