Disputes over what happens to a deceased’s estate when they give most, if not all of their money to charity, rather than their children and others is not uncommon. However, what may come as a surprise to the wider family who would have otherwise benefited, is the inclusion of a common tragedy clause in a will which is in favour of a charity or charities.
A recent tragedy involving a wealthy man and his family and a significant bequest to charity, has raised issues about how wills can and should be drafted. Elizabeth Neale, partner in our private wealth team, highlights what constitutes a well-made will and how it’s important to consider a number of possible scenarios.
The full article is available on Wealth Briefing (please note that the article is behind a paywall).