Making Money Inheritance disputes: the ticking financial clock tearing families apart
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Apr 7, 2025 In this conversation, Martin Holdsworth, a seasoned lawyer with over 20 years in inheritance disputes, shares insights into the chaos that can arise when families neglect proper estate planning. He discusses startling statistics about will ownership and the rising conflicts tied to intergenerational wealth. Martin emphasizes the importance of clear communication around inheritance to prevent emotional turmoil and explores innovative legal tech that simplifies asset distribution. With anecdotes of estranged siblings and the ethical implications of heir hunters, he advocates for proactive planning to preserve family harmony.
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Inheritance Disputes Rising
- Inheritance disputes are increasing due to intergenerational wealth transfer, reliance on inheritance, and rising care costs.
- One in three people rely on inheritance, increasing disputes when expectations aren't met.
Wills and Communication
- Create a will and have conversations about it with loved ones.
- These discussions are crucial to avoid disputes after death.
Absent Child, Unequal Care
- One child provides extensive care, while another is absent for years, yet both expect equal inheritance.
- This highlights the common issue of perceived unfairness in inheritance distribution.