Inheritance on Divorce

Inheritance

I have been asked so many times about inheritance during the divorce process and it is an area which can cause so much pain and upset.  The majority of time is because the marriage has benefited from one spouses inheritance which went into the family pot but the other spouse has inheritance in the future. The big question is “ when is that future” going to kick in? There are a number of pertinent questions which will undoubtedly upset  one party. Looking at when someone will die is as you can imagine is like asking how long is a piece of string?  It is becoming more common that some will live into their 90’s so a parent being early 70 could potentially live another 20 years. Should one take less of a settlement now because they may get some benefit in the future. And don’t forget wills can be changed. However if the money has already been placed in a trust then this would be deemed as a definite benefit but once again only in the future just like a pension is a benefit to one or both but only in the future if they are years from retirement.

If you think we can help you on this subject then please get in touch.

 

Inheritance on Divorce was last modified: May 22nd, 2018 by Carol Sullivan
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