Tax planning news
Wills are incredibly important, warns Saga
6 March, 2007
An expert on over-50s finance has warned that people young and old should ensure they keep their wills up to date
Whether in retirement or just starting a family, Saga advises all UK residents to ensure they are clear on where they want their hard earned cash and property to go to when they die.
The comments come following a survey published by Will Aid which shows that that 70 per cent of adults do not have a will.
A number of factors are blamed for this high percentage including failure to write one in the first place, family or domestic circumstances or having failed to amend an existing will.
Steve Ashton, spokesperson for Saga, which provides various services older people, said: "It is incredibly important to have a will. Not only do you have to have one but you have to keep it up to date as well."
When asked about the best time to take out a will, Mr Ashton said: "Well the right time to take a will out is when you have certain wishes that you would like to see carried out when you die.
"If you have an estate or even some money, you should think about making a will."
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