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family dynamics, including divorce, more children, and introduction of grandchildren, and old Wills could be seriously out of date," Darren Hendleman, Head of Private Client Services at Smith Sutcliffe said.
Contact a member of our Private Client Team to check if changes may be needed to your Will
