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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Many Brits `failing to make a will`

11/02/2008

Nearly a third of people in the UK will not leave any money to family and friends to help ease debt problems if they die, a new study has revealed.

According to research by Friends Provident, 31 per cent of Brits do not want to make a will to help ease the financial problems of loved ones.

However, a number of Britons are planning for their futures, with more than a third - 38 per cent - expecting to leave an inheritance of up to £300,000 and almost a fifth expecting to leave more than this.

James Ward, director of marketing at Friends Provident, said: "Where there is a will there is a way… to determine exactly where your hard earned cash and assets go when you die.

"Our research found that 43 per cent of people don`t currently have a will but do plan to make one - let`s hope it`s something they decide to put into action soon rather than delaying."

Further research from Friends Provident found that nearly half of people are "ignorant" about inheritance tax.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according