Legal News | 5.05.22
The blended family: inheritance issues and things to consider
Once a rarity, blended families are now commonplace. With a third of all marriages in the UK now involving at least one party who has been previously married, many couples will have children from former relationships. Bringing two families together can present some challenges, not simply in the present but also following your death. When it comes to your estate, there are many interests to consider.
You should ask yourself:
• Do you have a Will? If not the intestacy rules will apply.
• Are you sure you have a Will? If you have (re)married since the date of your Will, it is likely not valid
• What do you want to include in your Will and how do you want to try to balance the different interests?
• How can you minimise the chances of a successful claim against your estate from a disgruntled member of the extended family?
If you do not know the answers to all these questions then please speak to your usual contact at Wansbroughs.
No two families’ situations or wishes are the same, and it is therefore essential that you consider what is best for you, your spouse and your children. If you would like to know more about Wills, trusts and estate planning for your family, please contact wealth@wansbroughs.com for advice.
