Quotesure  
Credit Cards Insurance Loans Money Mortgages   Home Page  
 
 

Families fall out over will disputes - Financial news from Quotesure - 14/10/2005


A new survey has found that wills are a cause of fallouts in one in ten families across the UK.
Previous news article - News archive - Next news article
Previous news article - News archive - Next news article
Families fall out over will disputes

Anyone concerned over the future welfare and harmony of their family would be well advised to pay considerable attention to the writing out of wills, and to taking out a good life insurance policy.

A new survey by Skipton Building Society has found that wills are a cause of fallouts in one in ten families across the UK, and that disputes over wills have led to members of one in 20 families never speaking to each other again.

However, an even bigger cause of dispute is the failure of people to take into consideration what will happen after they are gone, with many failing to come up with a will that fairly distributes their assets, while others do not take out life insurance policies that could ensure they have something substantial to leave behind for loved ones.

Psychologist, David Moxon commented: 'Psychologically speaking, it is really important to make a will.

'As well as making sure your estate is divided how you want it to be and specifying who becomes guardian of any children, it can also provide the opportunity to have sincere and meaningful conversations with loved ones, strengthening relationships and for some, possibly mending bridges.'

Skipton's research shows that 55 per cent of all adults have not made wills, pointing up concerns that people are not making plans for what will happen after they are gone.

It also found that, worryingly, over a quarter of over-55s have not made wills either.

Previous news article - News archive - Next news article
Nationwide Home Insurance

About Us - Contact Us - Privacy Policy - Resources - News