In this video, Rumana Mahomed and Daniel Marsh explain that “collation” is a legal principle requiring significant lifetime benefits received by one child – such as a donation, unpaid loan or financial advance – to be taken into account when distributing a parent’s estate.
It is intended to promote fairness among heirs, rather than requiring repayment. Collation generally applies to children who inherit, but a will can expressly exempt beneficiaries. It is recommended to clearly address collation in your will to avoid uncertainty and future disputes.
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