New research* from the University of Manchester's Institute for Collaborative Research on Aging (MICRA) supported by the Pensions Policy Institute, has shown that there is still significant disparity between male and female pension wealth and concludes that there is "considerable potential for pension sharing" on divorce which could substantially affect the later-life finances of many women.
For many years now, contentious probate solicitors have been discussing the reasons for the rising number of inheritance disputes.
From recession in the early 2000s to Brexit and COVID-19, each economic lurch has heralded pronouncements about an increase in the amount of contentious probate work being seen by probate specialists. However, the history of the world, the universe and everything tells us that the more we know, the more we are empowered and it is hard to ignore the rise of the internet for an increased interest in litigating when things get tough.
A recent case in the High Court has provided insight into the opinion of the court in relation to professional executors who refuse to renounce their executorship.
The case led to the law firm, WAG Davidson and Co., being refused permission to make further appeal against an unfavourable first-instance ruling and being ordered to pay £25,000 in legal fees.
Families are funny things, and sometimes not "ha ha" funny either. In today's society, with divorce and remarriage a common prospect for many, the state of being a second family, step-family or other familial configuration is commonplace. And while it's certainly a good thing that these family forms are no longer vilified and stigmatised as much or as often they used to be, relationships that have ended can often cause lifelong issues and disputes.
It has become something of a phenomenon in recent times; the prevalence of the inheritance dispute.
During times of economic difficulty, every penny does count and it seems that the act of inheritance is now, more than ever, a source of funds that is expected, coveted, and depended upon. But when even modest estates are wrangled over as if the parties are fighting for billions, is there an increasing duty upon the Will writer to ensure that the wishes of the testator are not going to cause a dispute? Is this possible or even ethical?