22 September 2008
Expert warns against complacency over will-making
People in the UK have been advised to avoid becoming complacent about their wills in the light of recent legal changes.
Under the alterations, the statutory legacy for people who die without having made wills will rise in February next year from £125,000 to £250,000 for couples with children and from £200,000 to £450,000 for those without.
Speaking to the Financial Times, Julie Hutchison from Standard Life said that while the changes are welcome, they do not negate the need for people to draw up a will.
She said: "It is important to make a will because if you die without a will, legal fees are higher, you have to go to court to appoint an executor - a will removes all elements of doubt."
The expert added that around half of people in Britain die without having made a will.
Recently, Age Concern campaigner Sally Hutchinson advised the elderly to seek advice if they are concerned about making or updating their will, the Press reported.