More divorcing couples are squabbling over how to divide their money than ever before, and lawyers are warning parents to take steps to ensure their legacies don’t end up in the hands of former children-in-law they no longer see.
Exactly 4,118 financial disputes between divorcing couples ended up in the courts last year, up by more than 10% on the year before when 3,648 cases were recorded, according to official data compiled by Wilsons, a law firm.
Money squabbles have been steadily increasing over the past 10 years as divorce has become more common. The Office for National Statistics says around 42% of marriages now end in divorce.
Andrew Morgan appears in The Telegraph saying "it is common for a grandparent to leave a gift to a child in anticipation that their grandchildren will also reap the benefit. However, there is a risk that such a gift or a proportion of it made by a grandparent in their will may ultimately fall to an unwelcome third party."
Should you cut your children-in-law out of your will in case of divorce is available to read on The Telegraph website via subscription.
Andrew is an associate solicitor in the trust and estate disputes team. Andrew acts for both claimants and defendants in relation to a range of disputes, including claims made pursuant to the Inheritance (Provision for Family and Dependants) Act 1975 ('the 1975 Act'), domicile disputes, will challenges, applications in the Court of Protection and trust, estate and administration issues.