This is the first episode of DMH Stallard’s new Private Wealth Matters podcast. On this channel, we will be discussing a wide range of issues relating to future and later life planning and wealth management.
In this episode, our Private Wealth experts discuss disputes in Wills and the myth of the ‘watertight’ Will, as well as giving some helpful tips on what you can do to minimise the likelihood that your Will is contested after you’ve gone.
Wills disputes are increasing year on year in the UK, the reasons for this are varied and complex. The increasing size of the population aged over 60 years, the rise of the blended family and the dramatic impact rising house prices have on the value of an estate all play a role in the upsurge of contested Wills.
The types of dispute that can arise are varied including claims that a Will has not been validly executed, claims that the person making the Will did have the appropriate capacity to make a Will and claims that there has been undue influence or coercion hampering an individual’s testamentary freedom are all commonly made.
The Inheritance (Provision for Family and Dependents) Act 1975 also enables certain categories of people to bring a claim in relation to an estate where there is a valid Will if they have not been left reasonable financial provision.
Our experts discuss why not all will disputes can be prevented and provide tips and insight into what you can do to reduce the risk of a dispute arising in your estate after you have gone.
Private Client Associate Hannah Worricker shares her valuable insights.
