Welcome to the watersrule solicitors blog. The blog contains general legal news updates and news from our firm. For expert legal advice on any matter please contact our solicitors (Stirling: 01786 235 235; Tillicoultry: 01259 753 330)
New research has revealed that the over-50s are choosing to cut back on personal spending so they can build an inheritance pot for their loved ones. However, their children don’t share this view and would rather their parents spent their money on themselves during retirement instead of leaving it behind.
Recent research from the United States has found that only 42% of adults have estate planning documents such as a will or living trust in place. The percentage is even lower among those with children under age 18 (36%).
If you ever find yourself named as a beneficiary in a will, then normally the bequest that you receive is quite straightforward, such as a sum of money or a treasured memento. However, this is not always the case.