There have been some specific trends that have been spotted by industry professionals such as Will making solicitors in North Wales.
Some of the most obvious changes seen recently include the increase in charitable giving. A study undertaken recently by Remember a Charity, identified key statistics on this issue.
In the last ten years, there has been a 40% increase in testators including a gift to a charity in their Will. Other interesting statistics include figures showing that a third of those aged 40 and over would consider leaving money or gifts to a charity when they make their Will. Many legal advisors are now informing their customers about the benefits of charitable gifting such as the positive impact it has on inheritance tax. It is predicted that by 2050, over six billion pounds worth of donations will be made and much of the increase is due to the rising value of houses.
Other recent findings show that more people intend to add digital assets to their Will. Almost 40% percent of adults are planning on including legacies such as online photographs and digital finance like cryptocurrencies. Other trends that Wills solicitors in North Wales have identified also include the move towards more simplified estate planning. Although people are more likely to be detailed in their wishes, they also are clearer in their wishes, in part as a reaction to historically long probate times.
Make contact with our team at Bennett Smith Solicitors today and speak to our experts about making your Will.
