Why families may be headed for inheritance disputes in court – BC’s WESA

Ratcliff Wills and Estate LawCBC recently had an interesting radio interview on The Sunday Edition that discussed the much heralded intergeneration transfer of wealth from those born in the 1930s and 1940s to the baby boomers. With this transfer there is a tension between the saving generation and their children, many of whom are approaching retirement whilst still in debt. There is a hightened risk of elder abuse and estate litigation. This article also mentions that in British Columbia the risk of litigation is increased due to the variation provisions of the Wills, Estates and Succession Act which allows children to challenge wills. CLICK HERE FOR A LINK TO THE PROGRAM