The majority UK financial advisers have reported a surge in inheritance tax (IHT) enquiries over the past year and are proactively raising solutions with clients, Foresight Group has found.
Foresight's survey research, reflecting the perspectives of 200 advisers, found that half of the community said at least 50% of their client base are likely to be impacted by IHT, based on their assets and liabilities. Advisers included in the survey estimate that around one third of their clients should have seriously considered IHT or estate planning but are yet to do so. They cite possible reasons for client hesitancy include desire to retain access and control of assets (73%), administrative delays (66%), perceived complexity of IHT solutions (51%) and policy uncertainty (51%). Wh...
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