Brits inherited £75bn between 2008 and 2010

Although half of inheritors received less than £10,000, one in ten received £125,000 or more. Nearly nine in every ten inheritances (88%) comprised, at least in some part, of money or savings. Property formed part of 19.5% of inheritances and personal possessions such as jewellery or collectibles were included in 12%. The most common action for those receiving property inheritance was to sell it and for non-property inheritance to save it. Unsurprisingly, rates of inheritance were higher for individuals living in households which already had the highest levels of wealth. The ...