Do you know why a will might be challenged?
Here are things you might want to consider when making your will to prevent any challenges:
- Family structures are getting more complex. Modern families are often more complex than in the past, with more blended families, second marriages, and non-traditional relationships. It makes the world a more interesting place, but it can make it more difficult to create a Will that satisfies all parties and reduces the risk of conflict.
- The public are quicker to challenge certain outcomes. Contested Wills are making the news and as more people become aware of this, and in some cases, their legal rights, they may feel there is more potential for challenging a Will. They may be more likely to contest one that they feel does not adequately reflect their interests or those of the deceased.
- People are living longer. There’s more time for family dynamics and relationships to change. People’s last wishes can change over time, so updating your will more regularly is becoming more important.
- One of the wealthiest generations of all time are starting to pass over. Over the next 30 years, UK families will inherit £5.5trillion… this is an historic amount of money and it means the stakes are getting higher in inheritance disputes. It makes it more likely that beneficiaries will contest a Will that they feel does not provide them with a fair share of the family estate.
- Legal services are more accessible. With the rise of online legal services and other resources, it may be easier for potential challengers to obtain legal advice and representation in contesting a Will.
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