28 Feb 2019 Ahead of Free Wills Month in March, research from Royal London reveals a quarter (26%) of people with a will do not discuss it as they do not want to think about dying. The research also found that one in four (27%) do not want to upset beneficiaries by discussing the contents of their will.
Talking about death can often be uncomfortable and difficult. By overcoming ‘death anxiety’, the natural fear of talking about death and the emotions associated with it, these important conversations can ensure your beneficiaries are aware of your wishes and understand them.
Royal London’s research found that nearly half (45%) of UK parents with adult children believe their will to be ‘no one’s business’ but their own or a partners. Sharing the contents of a will makes the financial and practical consequences of death easier for those left behind. Losing someone can have a huge impact on finances for months or even years to come, so it is crucial for families to be prepared.
Mona Patel, Royal London’s consumer spokesperson, said:
“Talking about dying can be seen as ‘taboo’ and it is not always easy to bring it up. Discussing your will with beneficiaries means they are better prepared when the time comes. It is also hugely important for family members to be aware of vital decisions in your will, such as who will look after your children.”
Royal London has five top tips on how to approach the ‘When I’m gone’ conversation with your partner or family:
For more information on death and important money matters, Royal London has created a ‘When I’m gone’ booklet for an easy place to write everything down. This can be downloaded from the Royal London website.
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