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Number of millennial's drafting wills has increased by almost 10% over the last two years

Posted on 24th January 2022 in Probate & Wills

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive
Number of millennial's drafting wills has increased by almost 10% over the last two years

It has been reported that more millennials than ever before are writing their wills in case they die unexpectedly. 27% of adults aged 18 to 34 now have wills compared to 18 % in 2019. Of adults under the age of 35, 30% stated that the COVID-19 pandemic was a reason/incentive for getting their affairs in order.

The study conducted by LegalZoom and Caring.com revealed that 18 to 34-year-olds were more proactive about will writing due to the pandemic than the middle-aged group and aging people, which were at 23% and 16%, respectfully.

Despite the pandemic two out of three adults still do not have a will, so while data shows people believe estate planning is important, in 2021 only 32.9% actually have the documents in place.

 

How can Tozers help?

For help and advice on putting a Will in place, or amending a current Will, please contact our dedicated Wills and Probate team, who will be happy to help.

Contact our legal experts

 


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