There have been a number of high-profile legal challenges to wills of late, with the most covered story involving a woman who received a third of her mother’s inheritance despite being omitted from her will.
Indeed, a report found that there has been a marked increase in the number of challenges to wills with a report finding that the number of claims making it to the High Court rose by 80% in the last year, with 178 cases going to the UK’s highest court. According to experts, a rise in property prices was the main reasons for children challenging wills.
However, there are a number of other reasons that can result in the challenging of a will. Therefore, we take a look at some of the steps you can take to ensure that your will is watertight.
Protecting Your Will: Steps to Take
Although property prices are deemed to be one of the main issues leading to challenges of wills, experts have stated that failing to communicate with loved ones is one of the main reasons for challenges. Many families simply fail to discuss their plans ahead of time, leading to shock and anger if the contents of the will are unexpected. By being open and honest about your will and informing beneficiaries (or those who are being omitted) about your will it can protect your assets. Celebrities such as Bill Gates have been open in interviews about leaving their estate mainly to charity, thus making it difficult for children to challenge as the court is aware of his wishes.
You should also enlist the help of a solicitor and take any advice that they can offer to ensure your will is legally binding. A solicitor can inform you of documents that may protect your claims as well as take notes that can be given to a judge or at the reading of your will.
If you wish to make a will or have yours reviewed, contact our team of expert solicitors today using our online contact form.