Getting the financial details right in later-life relationships

clock

Susan Midha takes a look at what can be done to prevent family disputes over inheritance.

The number of people in the UK aged over 60 who divorce has been steadily rising since 1991, while the number of marriages ending in the death of a spouse has remained fairly constant. Whether they are a 'silver splitter' or the remaining half of a happy union, there are many widows, widowers and divorcee(s) who do decide to give marriage another try. Sometimes, this creates family structures that are a breeding ground for low-level resentment and rivalry at best or deep-seated hostility that ends up in court at worst. Second marriages can involve the introduction of step-children, st...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Estate planning

HMRC nets £6.3bn from IHT in first three quarters of 2024/25

HMRC nets £6.3bn from IHT in first three quarters of 2024/25

December receipts totalled £620m up 13%

Jenna Brown
clock 22 January 2025 • 4 min read
Surge in probate delays following inheritance tax changes

Surge in probate delays following inheritance tax changes

134% rise in year-long cases

Cameron Roberts
clock 16 January 2025 • 1 min read
Why IHT on pensions is a huge capital drawdown opportunity for wealth advisers

Why IHT on pensions is a huge capital drawdown opportunity for wealth advisers

'Opportunity for advisers to focus on a new approach to later life financial and tax planning'

Will Hale
clock 19 December 2024 • 5 min read