5 minutes | Wednesday, 30 January 2019
New research, released by Slater and Gordon, suggests two-thirds of the UK’s over-60s are feeling concerned about the effect a breakdown in their children’s marriages could have on their left-over assets.
The firm claims the modern, simple online divorce process often fails to provide adequate protection for dividing assets, putting the future of money gifted in wills at greater risk.
Even without the threat of divorce, 15% said they still didn’t trust their child’s partner with money, with two in five of these people considering cutting the couple out of their will because of it.
So, what can be done to ensure money doesn’t get stuck within legal wrangling after it has been left? We were joined by Slater and Gordon lawyer Precious Igbokwe.