When families don’t like the will, there’s a way to change it
If dad cuts mum out of the family home (to protect her from the ageing Lothario down the street), she and the kids can get together to rearrange things.
Beneficiaries of an estate can band together and agree to the assets being distributed in a manner completely different from the way the deceased wanted – so much for testamentary freedom.
The deceased can prevent this from happening in their will, but they don’t usually – or at least they are not fully aware of their ability to do so when they have their will prepared.
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Peter Townsend is principal of Townsend Business & Corporate Lawyers.
