Wednesday 18 January 2017

1.5m 'will leave money to pets'

Published 29/10/2010 | 00:14

Almost 1.5 million Britons plan to leave their money to their pets when they die, a survey has revealed
Almost 1.5 million Britons plan to leave their money to their pets when they die, a survey has revealed

Almost 1.5 million Britons plan to leave their money to their pets when they die, a survey has revealed.

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Family pets were the sixth most popular beneficiaries of wills, according to a poll for financial advice website unbiased.co.uk

Children were the most likely to receive an inheritance, with nearly 29 million people planning to leave their assets to their offspring.

A total of 87% of those questioned said they wanted partners and other members of their families to benefit after their deaths.

Nearly 4.5 million people intend to leave their money to a specific charity, while three million are planning to name a friend in their wills.

The survey, commissioned by the website as part of Write a Will Week, also found that more than a million people would leave their estate to the church.

Others said they wanted a secret lover to inherit their money and more than 300,000 people planned to give the Government a helping hand after they died.

More than 90% said they knew who they wanted to receive their assets but 170,474 did not want their money to go to anyone.

It is estimated that more than 30 million people have not written a will. If someone dies without leaving a will there are rules that state who may inherit but if nobody comes forward, the entire estate falls to the Crown.

Karen Barrett, chief executive of unbiased.co.uk, said: "With over nine out of 10 people knowing where they want their money to go to after they die, it is shocking that there are still over 30 million people currently without a will."

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