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%...
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