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Young people 'largely unaware of importance of having a will'

Young people 'largely unaware of importance of having a will'

Many young people in the UK are unaware of the importance of writing a will, an expert has said.

According to David McMaster, managing director of Just Wills, the number of people across the country taking on the process of penning their last testament is increasing, but he added that this figure still needs to be boosted among the younger members of adult society.

Mr McMaster stated that the "statistics are better than they have been for a while", as normally somewhere between 60 and 70 per cent of the population do not possess a valid or up-to-date will.

However, he added that certain generations are more interested in building their lives and buying consumer goods as opposed to planning for after their death.

His comments came after the publication of data by the AA last week (October 29th), which stated that almost half of all Britons - 48 per cent - do not have such a document, with the majority saying they are too concerned about the costs involved to get one.

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Posted by Richard Saunders