‘I plan to update my will and would like to leave a share of my estate directly to my only grandchild, who is under 18, with the remaining bulk divided equally between my two daughters. What considerations are there?’
In this article for The Financial Times, Senior Associate, Emily Minett answers a reader’s question regarding Wills and inheritance.
“The starting point is to consider how you would like your daughters and grandchild to benefit from your estate. Would you like them to inherit their shares outright or on trust? I note that your grandchild is currently under the age of 18.
Have you considered whether you would like them to inherit their share of your estate at the age of 18, or at a time when they are more financially mature?”…
To read the full article please click here [£].