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

'Nobody is big enough not to be bought'

'Nobody is big enough not to be bought'

Roderic Rennison on the future of deals in the advice industry

Isabel Baxter
clock 20 March 2026 • 1 min read
PA Awards 2026: Photos from the night

PA Awards 2026: Photos from the night

Celebrating the advice profession's best

Professional Adviser
clock 20 March 2026 • 1 min read
Feel Good Friday: PA Awards attendees raise £15,000 for Go Beyond

Feel Good Friday: PA Awards attendees raise £15,000 for Go Beyond

Best amount ever raised

Professional Adviser
clock 20 March 2026 • 1 min read