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Succession: Warring families undermining $3.5 trillion of inheritances

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Disputes about inheritance and shared assets are rising because of growing wealth, longer lives and growth in the number of blended families, according to specialist lawyers.

There has been a sharp increase in disputes about the validity of wills, particularly whether a testator, or person making the will, has the capacity, which means they are of sound mind, memory and understanding, the lawyers say.

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Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au

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    Original URL: https://www.afr.com/wealth/personal-finance/succession-warring-families-undermining-3-5-trillion-of-inheritances-20230526-p5dbjo