Even though it is your
right to choose to leave your estate to whomever you wish, one must be very
careful in circumstances that involved disinheriting a legal heir. As the per
the Inheritance (Provisions or Family and Dependants) Act of 1975, legal heirs
may make a claim against your estate if they feel that they are being deprived
of what is rightfully theirs. According to wills solicitors such claims cases take
years to resolve with legal costs that often surpass the amount of the claim,
resulting in permanent damage to family ties. Therefore, it is important that
you think very carefully on who to disinherit and why.
What
is it?
Disinheritance refers to
when a legal heir is deprived of their fair share of an estate. However, if your name is not mentioned in a
will it does not automatically imply disinheritance. There is a possibility
that the omission was accidental.
Accidental
Disinheritance:-
There have been cases where
individuals have accidentally disinherited a legal heir by not updating their will
after a major live event. For example:-
-
The
birth of a child.
-
Divorce.
-
A
recent marriage.
-
The
recent death of a spouse.
-
The
death of a beneficiary.
-
Change
in the value of assets.
-
Change
in health.
-
Changes
in address.
It is recommended that you
get in touch with Wills Solicitors to update your will if you
have been part of any major event such as the ones mentioned above.
For more information, you are welcome to get in
touch with our expert wills solicitors at Walker Wise Solicitors
by phone on 01254 300 966 or email enquiries@walkerwise.co.uk
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