A survey by Irwin Mitchell has found that only 15% of parents discuss inheritance with their children. This has led to warnings of increased litigation in the future. The survey suggests that one in six parents over the age of 55 discuss inheritance with their children.
Women (19%) are twice as likely as men (10%) to have these conversations. The results highlight a widespread unwillingness to discuss what happens to estates after death. According to Paula Myers, Irwin Mitchell’s National Head of Will, Trust & Estate Disputes, this could lead to more claims.
The YouGov survey included 2,000 UK adults. It found that just under half of the respondents had not discussed inheritance with anyone in the past 12 months. People are generally more likely to discuss inheritance with their mothers than their fathers.
For those aged 35-54, 20% speak to their mother about inheritance, while 13% speak to their father. The percentages increase for older individuals and those who have gone through a divorce. Among separated or divorced people, 28% engage in inheritance conversations with their children, compared to the average of 15%.
For individuals over 55, 30% have had these discussions. Widowed individuals are the most likely to speak to their children about inheritance, with 45% having had these discussions.
Discussing inheritance and family communication
Nearly one in 20 respondents (4%) reported being involved in a legal dispute regarding a will, trust, or estate. The survey also revealed significant misconceptions about the legal requirements for a valid will. Only half (48%) of the respondents knew that two non-beneficiaries must sign and witness a will.
“Too often, people assume their loved ones understand their wishes—but our experience shows that silence can lead to serious consequences. When expectations don’t match reality, families can find themselves in conflict,” said Myers. Open, honest conversations are the best way to avoid disputes and ensure that everyone is on the same page. According to these results, this isn’t happening, and I think it is likely we will see more disputes.”
Myers also pointed out the legislation permitting certain individuals, including spouses, children, or dependents, to contest an estate if they believe they have been unfairly excluded or inadequately provided for. These disputes can be emotionally and financially taxing.
They often result from a lack of clarity and communication during the individual’s lifetime. “The emotional distress caused by these disputes can be profound, leading to strained relationships, heightened tensions, and long-lasting impacts on family dynamics. It is crucial to address these issues proactively to minimize the emotional toll on all involved,” she added.
The survey underscores the importance of discussing inheritance plans openly. This can prevent future conflicts and ensure that family members are all on the same page regarding estate distribution.
