Your will should benefit your grandchildren rather than your children, says minister
Should you leave your home and savings to your grandchildren, not your children?
That is the suggestion made yesterday by housing minister Gavin Barwell, who asserts skipping a generation on your will could help your grandchildren get on the housing ladder.
The average house price in England stands at £232,885, according to Land Registry figures, with the average in London more than double that figure at £484,716. Part of the problem is the UK’s failure to build enough houses to meet demand.
The minister insists that leaving wealth to grandchildren will reduce intergenerational financial inequalities.
Linda Cummins, Head of Wills and Probate at Goldsmith Williams, comments:
“Regardless of who it is you would like to include in your will, having one is essential to ensure your loved ones are provided for and protected, whatever happens. Of course, the details of your will are entirely up to you.
“Writing a will can appear daunting and certainly emotional, but enlisting the help of a professional can help ensure the process runs smoothly and as stress-free as possible.”
Goldsmith Williams Solicitors has been providing a professional will-writing service for over 30 years and can help in every step of the way, including: standard will-writing services; updating an existing will; lasting powers of attorney; bespoke wills packages and estate planning; and probate and estate administration.
Content correct at time of publication.