Why have more people been making wills?

Why have more people been making wills?

The pandemic has led many of us to consider our own mortality. It makes sense that more people are making plans to support their loved ones after they are gone.

A recent survey found 7% of respondents said they had made or updated their will during the UK’s nationwide lockdown.

Although these numbers sound small, this marks a shift considering how rarely people make or update a will. The fact remains that most of the UK public do not have an up-to-date will.

We Can Help.

We are Maplebrook Wills® Limited, an established UK franchise network, and we are seeking motivated, enthusiastic people to run their own businesses.

Our franchise holders provide will writing services to the public. Will writing is a recession-proof industry in which it is surprisingly easy to develop a business bringing in significant revenue every year whilst also providing a vital service.

What stops people writing their will?

One of the reasons is 18% of the population said they were too young to make a will.

Who needs to write a will?

Just because you are young does not mean you don’t need a will. If you are over the age of 18, you should consider making one to ensure your wishes are carried out after you die. If you die without a will, then intestacy rules will determine how your estate is divided up. This means assets are distributed to your relatives in a strict order, with no consideration for the closeness of your relationships with them. Intestacy laws dictate that unmarried partners and close friends cannot inherit, meaning loved ones could be left with nothing.’

The only way to ensure your estate is dealt with in the way you want is to create a valid will.

Learn more about the Maplebrook Wills franchise opportunity by clicking below: