A significant number of people in the UK are missing out on inheritances intended for them because crucial paperwork cannot be found, according to a new study.
Survey Highlights Widespread Concern Over Lost Documents
The research, commissioned for the online service Legacy Hub, found that one in five adults believes they have lost out on a gift bequeathed by a loved one due to poor organisation or missing documents.
Furthermore, the survey uncovered deep anxiety about the future, with 48% of respondents worried that if they were to die soon, their own family would struggle to locate essential papers.
Procrastination and Uncertainty Block Vital Planning
The study, which polled more than 2,200 people across the UK in November via research firm WALR, identified several key reasons why people fail to prepare properly.
Many admitted they simply "keep putting it off" when it comes to making a will. Others felt overwhelmed, not knowing where to start the process. A common misconception also emerged: a belief that they did not own anything of significant value to pass on to friends or family.
Emotional and Financial Fallout for Families
David Alexander, founder of Legacy Hub, commented on the findings. "Time and time again we hear from families who have unfortunately lost out on gifts from their loved ones due to misplaced paperwork," he said.
He explained that during the emotionally turbulent period following a death, it can be exceptionally difficult for grieving relatives to remember where important items were stored.
Addressing those who feel they have little of monetary value to leave, Alexander added a poignant reminder: "You never know how much they will treasure a picture of you or a voice note once you’re no longer here, it often brings an incredible amount of comfort."
The consequences of dying intestate – without a valid will – are severe, often leading to lengthy legal complications, family disputes, and assets being distributed according to standard rules rather than the deceased's wishes.
This research serves as a stark warning for individuals to organise their affairs, ensuring their final wishes are clear and accessible to avoid causing additional distress and financial loss for those they leave behind.
