Inheritance comes with strings attached
The Times
22 May 2017

Inheritance comes with strings attached

Wealthy parents are increasing putting conditions on gifts or bequests for their adult children to ensure that they maintain a work ethic rather than fritter away their inheritance.

Financial advisers and lawyers say that they are handling a growing number of requests from couples to make strings-attached settlements for their children or grandchildren.

Andrew Goldstone, a partner at the law firm Mishcon de Reya, said: "Parents who make a lifetime gift to a trust rather than outright to an adult child may think the assets are safe if the child later divorces but that's not always true."

Read the full article here.