Only 15% of parents discuss inheritance with their children

A survey has identified just 15% of parents discuss inheritance with their children, leading to warning of even more litigation in the future. 

A survey conducted by Irwin Mitchell suggests one in six parents over the age of 55 discuss inheritance with their children; although women (19%) are twice as likely as men (10%) to have conversations with their children about inheritance. The results highlight ‘widespread unwillingness’ to discuss what happens to estates after death and will result in more claims says Irwin Mitchell’s National Head of Will Trust & Estate Disputes Paula Myers.

Other findings from the YouGov survey of 2,000 UK adults found just under half of respondents had not discussed inheritance with anyone in the last 12 months.

People are however generally more likely to discuss inheritance with their mother than their father. For those aged 35-54, 20% speak to their mother, while 13% speak to their father. And the percentages increase when it comes to those who have gone through divorce and those in older age brackets. 28% of separated or divorced people are engaging in conversations around inheritance with their children, compared to the average of 15%; and 30% of individuals over the age of 55 have discussed inheritance with their children.

Widowed individuals are the most likely to speak to their children about inheritance, with 45% having had these discussions.

In a possible sign of things to come, nearly one in 20 respondents (4%) have been involved in a legal dispute regarding a will, trust, or estate.

The results from the survey also revealed significant misconceptions about the legal requirements for a will to be valid, with only half (48%) of respondents being aware the will must be signed, and that signature must be witnessed by two non-beneficiaries.

“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, adding

“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.”

“There is legislation permitting certain individuals—such as spouses, children, or dependants—to legally contest an estate if they believe they have been unfairly excluded or inadequately provided for. These disputes can be both emotionally and financially taxing, often stemming 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 minimise the emotional toll on all involved.”