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08 February 2021
Issue: 7920 / Categories: Legal News , Wills & Probate
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Finders International: the missing inheritance

About 11% of British adults have experienced wrongly distributed inheritance, either personally or through a member of their family, research has found
Some 255 of 2,334 adults polled by YouGov had personal or family experience of an inheritance being sent to the wrong recipient, by accident or for some other reason. A further 77 people had a close friend who had experienced this. The research, conducted in January, was commissioned by probate research firm Finders International, which reunites next-of-kin with inheritance they did not know was due when someone dies intestate.

Family feuds were commonplace, with 15% saying they were likely to consider cutting out siblings from their will, 10% disinheriting parents, 5% leaving out their partner and 5% disinheriting their own children.

Three-fifths of adults didn’t have a valid will and three-quarters knew little about the effect of dying intestate. However, the COVID-19 pandemic has caused one quarter more British adults to consider making a will in the past year than in previous years.

The survey also highlighted how families have become increasingly international.

Geoffrey Odds, chair of the International Association of Professional Probate Researchers, said: ‘From an international perspective, this research went on to uncover that more than a quarter of younger adults had at least one foreign born grandparent, compared to just 10% per cent of over-50s. 

‘This is a consequence of post-World War Two immigration, and ease of travel and transport over the past seven decades.’

Issue: 7920 / Categories: Legal News , Wills & Probate
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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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