Why careful bespoke will drafting is so important in 2022

An ever increasing number of families in the western world self identify as ‘blended’. Composed of children from different relationships in one family unit as opposed to a more traditional nuclear family set up.

Marriage may or may not be a feature of the contemporary family

Marriage and the legal rights associated to marriage may or may not be a feature of the contemporary family. With this change to the fabric of society comes challenge in how the legal framework progresses and evolves to serve families in their estate planning needs.

English law is adapting gradually…

English law is adapting gradually to recognise and support the new family dynamics we meet in practice, as expert private client practitioners.

Bespoke will drafting is a lifetime planning measure that must be given the careful consideration it deserves. An example of this is the challenge to protect the interests of children in the blended family.

It needs to be done in a way that is fair and reflects the relationships of the family members. Whilst also taking a well informed view on any potential taxation issues. Often children and stepchildren are not treated equally in will planning.

What’s more, stepchildren are not automatically entitled to inheritance should there not be a will in place.

True peace of mind can only be achieved by discerning a client’s needs and circumstances holistically. Both during their lifetime and posthumously in order to determine and articulate their wishes correctly. Eliminating any ambiguities.

Families are increasingly globally mobile

Furthermore, families are increasingly globally mobile with family members often dispersed from one another around the world. Not every jurisdiction has the same common law system we are familiar with in the UK. Therefore liaising with the right support at the right time can prove worthwhile and indeed cost effective.

Our lawyers take the time to thoroughly understand each client’s needs and circumstances from the outset. Building strong, lasting relationships that can span entire careers and generations of families.

We recognise that every family is different. Often with blended family structures, complex histories and individual needs and preferences that require a thoughtful, personal approach. To find out more about making a will get in touch with a member of our friendly and knowledgeable Wills, Trusts and Probate team today

The contents of this article are for the purposes of general awareness only. They do not constitute legal or professional advice. The law may have changed since this article was published. Readers should not act on the basis of the information included and should take appropriate professional advice upon their own particular circumstances.

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