Why Follow-Up After Mediation is Crucial
Over the years, the way society views wills and other testamentary documents has evolved significantly. Historically, these legal instruments were often considered a privilege of the wealthy, serving primarily as a means to solidify family power and control over assets. With changing social norms, the importance of having a will has come to be recognised across all strata of society. This shift reflects a growing understanding of individual rights and the need for clarity in final wishes, which can help prevent disputes among heirs.
The Impact of Industrialisation on Inheritance
The advent of industrialisation brought significant transformations to societal structures and economic models, reshaping family dynamics and inheritance practices. As families moved from agrarian lifestyles to urban environments, new wealth was generated through industry and trade. This shift not only increased the overall wealth of some families but also altered the landscape of property ownership and management. The traditional familial estate, often tied to land, became diversified as families began to invest in businesses and other ventures, thereby creating new avenues for wealth accumulation.