Compared to 18% of millennials in 2019, 27% of 18-34 year olds now have Wills. 30% of under 35 year olds blamed Covid-19 as an incentive for writing a Will and getting their affairs in order.
A study led by LegalZoom and Caring.com showed that 18-24 years olds were now more proactive about writing their Will because of Covid-19 than middle-aged and ageing groups are. One lawyer said that they’ve seen an increase in young people making Wills and this especially peaked when the Delta variant of Covid-19 was prominent. She also said she expected there to be another peak now that the Omicron variant is becoming prominent.
In 2021, 23.9% of adults still don’t have a Will, this equals 2 in 3 adults. When asked the reasons for this the majority of answers was procrastination. However, answers also included not knowing how to set up a Will and feeling as though they don’t have enough assets to leave.
If you would like more advice on Wills, no matter your age, call our Wills, Probate and Trusts team on 01302 341 414.