Half of parents in UK will treat children unequally in their wills
Posted on 30th September 2021
Everything you need to know about distributing your wealth after you have passed. From our Wills and Probate solicitors.
New research has emerged this week showed that around 50% of all UK parents are not planning on splitting their wealth equally between their children in their wills. It also showed that there is a nationwide problem regarding a lack of openness among families around inheritance, which is causing despair and disputes between relatives after the death of a loved one.
Of those who do not plan on distributing their wealth equally between children there are numerous reasons for this decision:
To even out previous financial support
One child needing financial support more, or having more financial responsibilities
One child being more trustworthy with the money than the other
Divide equally based on the number of grandchildren
Not wanting to provide financial support for the partner or wider family of a given child
How can I ensure that my wishes are met after I am gone?
When it comes to the distribution of wealth and assets after passing away, our Wills and Probate solicitors know better than anyone that this is not always achieved, and that the wishes of a deceased person are not always met as they would have liked.
The only way that you can truly ensure that your needs are met after you have gone is to work with a specialist Wills and Probate solicitor to draft a legally binding will. In order to ensure that the will is legally binding, it must be worded using specific legal terminology, and with the assistance of a specialist legal expert.
How much does it cost to make a will with a solicitor UK?
There is no set rate for the prices charged by solicitors when it comes to will writing services. However, if a price seems too good to be true, and is way below what the average appears to be, chances are that it is in fact too good to be true.
Because of how technically challenging the writing of a will is, all will writing services should be carried out by a fully-qualified specialist Wills and Probate solicitor, like MG Legal.
Our Wills and Probate solicitors are fully-qualified, and have over 10 years of experience in will writing services. For a single will written by our specialist solicitors, this will cost £140.00 + VAT. To write a two 'mirror wills', for you and your partner, this will cost £240.00 + VAT.
To see a full overview of our fixed-fee costs for Wills and Probate matters, see this here.
Will writing solicitors near me:
Our specialist Wills and Probate solicitors offer a high-quality will writing service at a clear, fixed-fee cost. With offices across the Lancashire area, in the Preston towns of Garstang and Longridge, as well as a Lancaster office, we have built up a stellar reputation in the local area for our will writing services.
Our solicitors act professionally, and with confidentiality, with all of our clients, and go above and beyond to ensure that their will truly reflects their wishes, and takes every possibility into consideration.
We understand that everybody’s family and financial situations are different, and act without judgement when drafting our clients’ wills. As this new research shows, there are a number of different reasons why parents may wish to divide their wealth unequally among children, or why people may not want to leave their assets to certain family members, and our will writing solicitors understand this, and see it on a very regular basis.
No matter what your wishes are, we will make sure that your will reflects them in the best way possible.
To learn more about our services, see this here, or to see a collection of our solicitors’ reviews, see this here.
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