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.