The financial impacts of COVID-19

Whilst lockdown restrictions in the UK might be beginning to ease, the impact of COVID-19 is still being felt by a great number of people. In fact, research conducted by Handelsbanken Wealth Management indicates that the pandemic has motivated a third of its 1,000 participants to draft a new Will or update an existing one.

With furloughing and redundancies causing a lot of financial uncertainty, it has been reported that around 81% of participants believe that people will sort out their financial affairs as a result of the pandemic. Furthermore, 83% felt that it would lead to people drafting new Wills. Additionally, 10% believe that the inheritance they had originally planned to leave would be smaller due to COVID-19.

The head of wealth management at Handelsbanken, Alex Spreckly, reported that:
“Coronavirus is having a devastating impact on the UK and the world not only in terms of lives lost, but also in terms of the livelihoods and finances of countless families, which have been gravely impacted.

“It is now more important than ever to ensure that families are getting their financial affairs in order. Speaking to a financial planner ensures that all bases are covered and family members are looked after. Having a watertight, up to date Will in place can bring peace of mind to you and your family.”

At Poole Townsend, we are seeing an increase in requests for alternative consultations and meetings. Whether it’s over the phone, video links or meeting clients in their gardens, our teams are working proactively within social distancing guidelines to sort their Wills. Visit our Wills and Probate page to learn more.

You’re in safe hands

Trust our team of local experts to provide the best advice on a wide range of legal and financial issues whenever you’re facing a life change and need the best support.

0800 389 2939

Our team are available Monday to Friday 9am - 5pm

Find Your BranchMEET THE TEAM

She'll be glad you planned ahead

Organising your finances today, while planning for the future can be a challenge. We’ll put the kettle on – and take the pressure off.

GET EXPERT FINANCIAL ADVICE

You'll know when it's time to talk

From making a will, to matters of business law our qualified solicitors can offer advice and guidance. Pop in for a chat or call us to make your free appointment.

GET EXPERT LEGAL ADVICE

Sign up for our newsletter

Your details

No charge. Cancel anytime. We value your privacy and will not share your details.

© Poole Townsend 2017 - 2020. All rights reserved.
Poole Townsend solicitors Ltd (Company no:10964550) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness, LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 647087. We are independent financial advisers authorised and regulated by the Financial Conduct Authority. VAT registration number :154365563.

Poole Townsend Estates Ltd. (Company No: 10960705) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness LA14 1RP. A list of directors is available at the registered office address. Regulated by the Council of Licensed Conveyancers to provide Conveyancing services. (Firm no: 3438) VAT registration number 288092466. Our Estate Agency is a member of the Property Ombudsman scheme.

Poole Townsend Estates Ltd Property Client account has client money protection, to view our Client Money Protection Certificate please click here. The Propertymark Conduct and Membership Rules can be found here.

Professional Indemnity Insurance – please contact Martin Oates at the address above if you require details of cover held.

Registered with the Information Commissioners Office for data protection purposes (ICO No: ZA494153 & ZA331395)

close

Book Your Free Valuation

Fill out the form below and we'll get in touch to arrange your free valuation.

Your Details

We value your privacy and will not share your details.

Top