It has been reported that the increase in the number of children involved in inheritance disputes has been fuelled by the rise in property prices.
As the value of property has soared during the last decade, the estates of ‘ordinary’ families have become more likely to prompt inheritance disputes as families go to war over the division of assets. The high court saw a 11% rise in the last year.
One reason for this surge is due to the rise in more complicated family structures which ash led to more relatives, such as step-children, expecting to benefit from the estate.
The children of the deceased can make a claim under the Inheritance Act if they feel reasonable provisions have not been made for them. There is also an option for those who were treated as the deceased’s child to claim against the estate, even if no formal or legal arrangement exists – such as when children have been fostered or adopted.
A professionally written Will along with the correct advice can ensure that your Will is clear and legally binding.
29 January 2016
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