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Over-50s 'squandering millions' on wills

Over-50s 'squandering millions' on wills

Older people looking into creating a will could save hundreds or thousands of pounds by carefully researching the subject before beginning.

Research by Saga has found the average person loses as much as £7,200 through not getting good enough advice for this task.

It pointed out this means collectively, Britons are missing out on millions every year due to a lack of simple research.

Roger Ramsden, chief executive of Saga Services, explained a person with an estate worth £180,000 could lose £9,000 in fees if they are not careful with their will.

He noted this is enough to pay for a new car, a deposit on a home for a family member, or even a once-in-a-lifetime opportunity.

"Simple research can save hundreds, if not thousands of pounds, so we really do urge people to shop around," said Mr Ramsden.

Wills are the only way a person is able to ensure their property and possessions is divided among loves ones how they would like it to be after they have died.

Contact our private client and family law solicitors on 0800 916 9055 or email if you would like advice on any private client and family law matter 

Posted by Trusha Vyas