Our children may be surprised by what’s in our will – should we tell them now?
You don’t have to reveal the contents, but I’ve seen families torn apart by unexpected inheritance plans
TL;DR
- There is no legal requirement to inform beneficiaries about the contents of a will.
- Discussing inheritance plans beforehand can prevent misunderstandings and potential family disputes.
- A memorandum of wishes can accompany the will to explain the decisions made.
- Inheritance is about how a person will be remembered, not just the financial assets left behind.
- Beneficiaries over 18 can vary their inheritance through a deed of variation after death.