Jonathan Simmons: Three adviser challenges in the 'inheritance economy'

We are living in an ageing society. In the UK, it is estimated that 1.2% of the British population passes away each year. This equates to over 750,000 people per annum - and deaths are expected to rise over the next 10 years. Unfortunately, the amount of inheritance tax (IHT) being paid by families is rising, often as a result of beneficiaries who are not advised. The Financial Times reported that the value of IHT receipts to HM Revenue & Customs last year was a massive £5.4bn and this number is expected to double by 2030 to more than £10bn. This amount of intergenerational wealth tra...