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

People plan to pass on cash

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

Almost a quarter of those looking to pass on assets to their children before they die plan to pass on cash, research by Lloyds Private Bank has found, but this is the exact opposite of what they should be doing, one adviser has warned.

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. B...

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