One of the most important decisions facing people when writing a Will is who to name as the executor to their estate.
Last year, that Mrs Ilott, an estranged daughter ‘written out’ of her mother’s Will, was awarded £164,000 from her mother’s estate made headlines. The English case concerned the Will of Mrs Jackson who died in 2004. As noted in a previous blog (available to read here), Mrs Jackson had left a majority of her estate to charities, expressly instructing her executors to defend any challenge to her Will brought by her daughter, explaining in a letter that: ‘I have made it clear to my daughter during her lifetime that she can expect no inheritance from me when I die’.
In 1999 the average Briton who received inheritance was in their early 50s, but new data has shown that the vast majority are closer to 60 by the time they receive an inheritance, leading to an end of “traditional inheritance”