Google Rating
5.0
Based on 182 reviews

Avoid the inheritance battle…

Facebook
Twitter
LinkedIn
Email

In a recent case, two stepsisters disputed which of their parents died first. Both parents, who were married, died together and it could not be determined who died first. In such a case, usually, the eldest of the couple is deemed to have died first, leaving everything to the younger spouse, therefore meaning that the estate will pass according to the younger spouse’s Will.

Avoiding Inheritance Battle

In a situation where two families have been brought together by marriage, where there are children from previous relationships, as in this case, the result can be that whole sides of families are cut out, causing hostility after the death of the parents. In this particular instance, the father did not have a Will and the mother’s Will did not leave any assets to her stepdaughter. As the mother was deemed to have died last, her stepdaughter received no inheritance and, in addition, was ordered to pay most of the other stepdaughter’s legal bills as well as her own.

There were many issues that attributed to this very difficult situation, including how their joint property was held, the fact that one of the parties did not have a Will and the existing Will neither accounted for this situation nor included all of the correct clauses required to prevent this from happening.

Having a well written Will is extremely important

The importance of having a professional and well-written Will in place is only heightened when these types of situations arise. This is further intensified when families are combined from previous relationships or are made up of more complex dynamics than would be considered “the norm”. The urge to get a DIY Will or not to have a Will at all may be strong when you think that you may not be around to see if it works, but when we consider those we leave behind and how it may affect them, it really is worth paying the cost of drawing up a Will to make their lives easier.

Talk to Redwood Financial about your Last Will and Testament

Redwood is one of the South’s leading Pensions, Investments, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning and Probate, we can advise on any situation.

Join us at one of our Free Webinars on Estate Planning and Wills. Call us on 01489877 547 or contact us to book a no-obligation Initial Meeting with us to review your financial planning needs.

Jasmine Lambert Chartered Financial Adviser in Southampton
Jasmine Lambert

Jasmine has been a qualified Financial Planner since 2008. She has also been a member of the Society of Will Writers since 2012. She is passionate about helping Clients build their wealth and achieve the financial lifestyle they desire. Her areas of expertise are that of Savings, Investments, Pensions and Retirement Planning.

Redwood Financial is one of the south’s leading Investments, Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning, Lasting Powers of Attorney, Probate, Pensions, Savings & Investments, we can advise on any situation.
FREE Public Webinars
Join one of our FREE Public Webinars on Wills, Trusts & Estate Planning.
Contact Us
Do you have a question you would like to ask us? Please complete our website contact form:

Please Note Office Closed

Our office will be closed all day on Thursday, 26th June, due to essential power supply maintenance being carried out by Scottish Power in the area.

While we won’t be in the office, the Team will still be working from home and checking emails throughout the day. Our main phone line will be diverted to the Team.

We’ll be back in the office as usual on Friday, 27th June.

We apologise for any inconvenience this closure may cause. Thank you so much for your patience and understanding. We truly appreciate it!

This website uses cookies to ensure you get the best experience on our website. See Cookie Policy for info.