Wealthy people passing on 'wrong assets' before death, says adviser

Lloyds found almost a third (31%) of wealthy people with at least £250,000 in assets plan to pass on their wealth to their children during their lifetime and of those 23% plan to pass on cash. By comparison, a mere 6% planned to pass on properties, while 8% planned to pass on other investments, such as stocks and shares. However, after death property (77%) and various forms of investment (57%) were the two most popular assets to be passed on, with fewer than a third (29%) of people planning to reach to cash. Head of portfolio specialists Jon Wingent said: "We are seeing a growing t...