In Australia, the number of wills naming grandchildren as beneficiaries has tripled in the past five years.

A report by estate planners Safewill highlights a trend in Australia where older individuals are increasingly excluding their children from wills, opting instead to bequeath wealth to grandchildren. In the past five years, the number of wills naming grandchildren has tripled, with one in ten now including them as beneficiaries. This shift is attributed to grandparents wanting to support grandchildren facing economic challenges, particularly in the housing market.

September 21, 2024
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