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Accountancy Index
From the Big Four to the boutique firms, accountants do far more for HNWs and their businesses than merely counting beans. With the help of expert insiders, Freddy Barker and Mark Nayler profile the leading performers in their field
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Q
Sadly my son passed away a couple of years ago leaving two teenage children, and while we have a very good relationship with our daughter-in-law she has indicated she doesn’t want to remain a widow as she is only in her early 40’s. What is the best way to structure what would have been our son’s inheritance to ensure it goes to our grandchildren without alienating their mother?
A
Although statistically unlikely, it is sadly the case that some children die before their parents and most well-written wills provide for that contingency. Although testators sometimes wish to make provision for the spouse of a deceased child, it is usual for the will to include a term that if a child predeceases the testator, his or her children will step into their parent’s shoes.
