Planning your Will may be the last thing on your mind as you’re packing your shorts and sun cream. However, accidents and injuries happen when we least expect them. Of course, the chances of dying or sustaining a severe injury on holiday are slim, but if you have a Will in place it’s one less thing to worry about as you head off for your break.

The risks vary depending on where you’re travelling to. According to the latest information from the Foreign and Commonwealth Office (FCO) there were just over 3,600 reported deaths of British nationals abroad in the year 2014/2015. Spain, Thailand and France recorded the highest number of fatalities. The FCO also recorded over 3,300 reported hospitalisations. In both cases, the numbers reflect occasions where the foreign office gave assistance, so the totals for both sets are likely to be higher.

If you’re travelling abroad, it’s far less likely that you will be struck down by an infectious disease. The greatest risk for most travellers according to the World Health Organisation is road traffic accidents. Even more so if you’re travelling to a lower income country, where typically road laws are a little more relaxed.

Violence and water activities are also high risk. According to the Swimming Teachers’ Association, a Briton is 5.5 times more likely to drown abroad than in the UK. In the decade up to 2010, 784 Britons drowned abroad, the majority of whom were adults.

Will planning

The process for writing a Will can be a swift one. Plus, once completed, subject to any substantial change in your circumstances or a change in legislation, should be relevant for many years.

Once you have a Will in place, it should be stored in a way that’s easy for your executor to find. For our clients, we are happy to hold their Wills in our safes.

Holidays are a time to relax and spend time with the people close to you. Getting a Will in place will, at least, ensure that if anything untoward were to happen, you will be safe in the knowledge that your family will be taken care of.

For help on any aspect of preparing and writing a Will, please contact us.

 

This entry was posted on Tuesday, 8th August 2017 at 3:05 pm and is filed under Financial Planning. You can follow any responses to this entry through the RSS 2.0 feed.