A survey by Cancer Research UK has found that a third of over-50s have not made a will, and only 12 per cent are planning a gift to charity.
The survey also found that more than half of the respondents with a will had not updated them for more than a decade, meaning massive increases in house prices would not be reflected where gifts were stated in cash terms.
CRUK’s head of legacy marketing, Duncan Bell, said: “Rising house prices, changes to the stock market, inflation and healthcare costs in old age can all radically influence the value of your estate and leave wills quickly outdated. One of the best ways to avoid this is to leave percentage shares of your estate, known as residuary legacy.”
More than half of CRUK’s research is funded by legacies. It hopes the survey will raise awareness among older people about writing wills and encourage them to leave gifts to charity.
Other surveys have also shown the proportion of those planning a charity gift in their will ranges from 10 to 15 per cent.