Brits who make a will do not review it

New data has shown that a large amount of people who have decided to make a will have also failed to review it and make alterations.

A study carried out by Standard Life found that 30 per cent of people who had written this document had not looked it over to make any possible changes during the past three to ten years.

In addition, one in ten of these individuals had not looked at their will for over a decade.

"There were significant alterations to the inheritance tax rules in 2006 and 2007. Add to that changing family dynamics, including divorce, more children, and introduction of grandchildren, and old Wills could be seriously out of date," Julie Hutchinson, head of estate planning at Standard Life, said.

She added that people would be wise to seek the advice of a professional will writing service and intervals so that they can make sure the document is current.

In addition, the importance of making a will was shown by a recent case in which the widow of chess champion Bobby Fischer had to go to court for a share of his estate as he had not made this document.

Published by Hannah Carr