Vast majority not consulted adviser about their will - LV=

30 million parents want to leave wealth       

Julia Bahr
clock • 3 min read

Only 41% of 30 million parents in the UK who want to leave wealth in their will have actually done so and 20 million have not written a will, according to recent research from LV=.

Although more than half (57%) of people with children are considering consulting a financial adviser about the best way to pass on wealth, only 13% have done so, it suggested. The latest LV= Wealth and Wellbeing Monitor - a quarterly survey of more than 4,000 UK adults - examined the attitudes of people to passing on wealth to their children and grandchildren. The research also suggested that mass affluent consumers - those with assets of between £100,000 and £500,000, excluding property - are more likely to have their affairs in place to pass on an inheritance. More than half (51%...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

London still the top city in Europe for investing in financial services

London still the top city in Europe for investing in financial services

According to EY’s latest Attractiveness Survey for financial services

Valeria Martinez
clock 20 May 2024 • 1 min read
Only 13% of financial advisers today began as paraplanners

Only 13% of financial advisers today began as paraplanners

Majority of financial advisers bypass paraplanning, survey reveals

Sahar Nazir
clock 20 May 2024 • 1 min read
Advisers sound alarm on £442m wasted on LoA inefficiencies

Advisers sound alarm on £442m wasted on LoA inefficiencies

Regulator should play ‘proactive role’ in addressing LoA inefficiencies

Sahar Nazir
clock 17 May 2024 • 5 min read