Over 50% of adults don’t have any will in place at all. 20% never plan to write one. 70% of adult New Zealanders aged between 24-44 years of age do not have a valid will.
Many wills are written and then promptly forgotten, with a third last reviewed over six years ago and 10 per cent over 20 years ago.
Well over three quarters of married people (81 per cent) did not know that their existing will was revoked when they married, leaving any prior arrangements invalid. Two thirds wrongly believed that they were automatically covered by their partner’s will, when in fact the money is split between multiple parties under the rules of the Wills Act.
Willsmiths puts the law around wills in simple terms and allows you to make one is just 15 minutes and to update it at anytime easily and securely.