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The latest market industry analysis suggests there has been a recent rise in the number of women asking professionals to help them make a will and get their trust and Lasting Power of Attorney (LPA).
Despite the recent advances women have made in business and becoming primary earners, traditionally they have been less likely to make a will and prioritise safeguarding their wealth and assets in the event of serious illness or death.
However, the coronavirus pandemic has highlighted issues around estate planning when a will is not in place, and driven an uptake in will making.
The Wills, Probate & Trusts Market Report 2020: Market Trends Report found growth in the wills, trusts and probate market to have increased by 4.3% in 2020, compared to 2019.
WillSuite’s Annual Report 2020 shows that more wills are now written by women at 51.74%, compared to 46.2% of men, and that the number of Lasting Powers of Attorney being created continues to increase year-on-year – surpassing 900,000 in 2019.