Brits 'unwilling' about wills

Nearly two-thirds of Britons do not have a will despite the majority of people having a clear idea of who they want to receive their money when they die, a survey suggests.

Around 62 per cent of people admitted they did not have a will, rising to 70 per cent among people who had children aged under 18, according to website Unbiased.co.uk.

The group warned that this could leave many children vulnerable, as under current laws, children who are not named in a will are only entitled to an inheritance if there is no surviving spouse or an estate is worth more than 250,000. If people die without a will their assets are divided up in a strict order.