Research from Direct Line Life Insurance shows that 65% of parents have made no legal provision for who would raise their children if they were no longer able to. It was also found that of those who had discussed the matter, 31% wouldn’t give the person access to money from their estate, with 30% saying they would rather leave it in trust for their children.
Yorkshire Post, Page: 26
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Philip Collins, Partner at Winckworth Sherwood, said that it “isn’t at all surprising” that there has been a rise in contested probate claims. He said: “We know that significant amounts of wealth, often tied up in property, is currently being passed down to younger generations. Inherited wealth is becoming increasingly important and can often […]
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