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

Financial adviser jailed for 11 years after £2m fraud

Financial adviser jailed for 11 years after £2m fraud

Timothy ‘Paul’ Barnes defrauded acquaintances, clients and a charity

Jen Frost
clock 23 June 2026 • 2 min read
Deputy editor's view: A Skilled Person Review sparks headlines

Deputy editor's view: A Skilled Person Review sparks headlines

The deputy editor's Friday Night Takeaway from 19 June

Jenna Brown
clock 22 June 2026 • 2 min read
CII publishes vulnerability data guidance for firms

CII publishes vulnerability data guidance for firms

Consumer Duty and GDPR

Cameron Roberts
clock 19 June 2026 • 2 min read