Just 32% of UK adults expect inheritance or monetary gifts
Brits warned about ‘sacrificing’ standards of living in retirement for the next generation
Inheritance
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Pension system changes leave women with no inheritance rights
‘Complexities’ mean that couples ‘should be encouraged to start making considerations as early as possible’
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48% of Brits worried about running out of money in retirement
They plan to downsize and use inheritance to fund later life
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Just 36% of HNWs discuss wealth plans with their partner
Clients need to be ‘open and honest with their family’ in order to ‘make most of tax breaks available’
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Just half of Brits would split wealth equally among children
‘Where there’s a Will, there’s a war’ as brothers and sisters draw battle lines
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Record number of inheritance disputes in UK
Financial strain of covid has motivated some people to ‘seek a fair share’
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How wealth firms can tackle the next-gen client conundrum
Substantial business could walk out of the door if relationships are not built early enough
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Family inheritance talks ‘still not happening enough’
One of the ‘worst situations’ is where clients are ‘vulnerable, bereaved and have no Will’
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Could a wealth tax benefit financial advisers in Singapore?
Without spooking high and ultra-high net worths?
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Switzerland to amend inheritance law
Giving greater freedom to people to decide who inherits their estate
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78% of Brits over 60 do not have an estate plan in place
But 72% intend to pass assets to their children after they die
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Two-thirds of Middle East advice firms looking to buy
But what do they make of the regulatory merger and changes to inheritance and divorce laws?