Demand for Wills Leaps Amid COVID-19 Fears

The Coronavirus pandemic has prompted a 76 per cent jump in the demand for wills in the last two weeks u the UK.

Independent financial advisory, deVere Group said it has seen a dramatic increase for its wills service, driven by people’s “minds being more focused” on certain aspects of financial planning due to the current pandemic. 

deVere Group CEO Nigel Green comments: “Like too many aspects of financial planning, including retirement planning, drawing up a will is not something that most people rush to do.  

“It remains ‘on the back burner’ until something, such as an illness or a change of circumstances, focuses minds. 

“With frightening death tolls and confirmed cases, with more people than ever bravely risking their own health to help others, and with more people with more time on their hands due to social distancing measures and lockdowns, the coronavirus pandemic has had an unprecedented, collective focusing-of-minds effect.”

Mr Green added: “Pandemic or no pandemic, the importance of having a will cannot be underestimated – and they’re not just for the elderly. 

“Circumstances can change for anyone at any time and for so many different reasons as this pandemic is, unfortunately, proving to be all too true.”

“We can expect the uptick in demand for wills to continue throughout the Covid-19 pandemic, which has triggered a growing number of people to get their affairs in order,” added Mr Green.

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