A new report revealing that the majority of Britons have not written a will is “extremely concerning”, according to the president of the Law Society.

The Law Society's research has indicated that 73 per cent of 16-54 year olds do not have a will, while 64 per cent of people over the age of 55 have made their final wishes clear in a will.

The representative body for solicitors has now warned that the consequences of dying without a valid will can be dire for those left behind.

Research also found that men are more likely to have a will and keep it updated than women. Last year, £8m went to the government because people died intestate.

Twenty-three per cent of respondents wrongly believed that without a will, their possessions would automatically go to their family.Start typing your update here...