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Who will inherit my children's wealth? Lilly Whale answers a reader's question for the Troubleshooter in The Times
- AuthorLilly Whale
“Only recently, now that both of my children are over 18, I have started to think about what might happen to their estates if either of them died. My father made investments for them both, which means they already have significant estates. My children both agree that they would like the surviving sibling to inherit their estate if they died. My father made investments for them both, which means they already have significant estates. My children both agree that they would like the surviving sibling to inherit their estate if they died, but making a will feels quite scary to them. My question is, if the children do not make a will, who would inherit their money? If their estates went to their parents, I would pass on my share to them, but I am unsure how my ex-husband would behave."
You can read the full article by clicking here.
Lilly Whale is a specialist solicitor advising individuals and families in relation to inheritance tax, the formation of family trusts and estate planning.
Goodman Derrick – Private Client
Our Private Client team offer expert advice to individuals and their families on a wide range of matters, the group:
- assists in drafting wills which best suit our clients’ particular family circumstances
- has wide experience in obtaining probate including dealing with the estates of non-domiciled persons and assets overseas
- registers enduring and lasting powers of attorney with the Court and have experience in dealing with contested applications to register
- provides assistance with the day-to–day administration of trusts
This guide is for general information and interest only and should not be relied upon as providing specific legal advice. If you require any further information about the issues raised in this article please contact the author or call 0207 404 0606 and ask to speak to your usual Goodman Derrick contact.