A recent study from Canada has given an interesting insight into the older generation’s views on spending all their money verses leaving an inheritance for their children.
A major full-length portrait by Sir Joshua Reynolds of the 5th Earl of Carlisle has been accepted in lieu of inheritance tax for the nation.
New research by Saga Investment Services has found that the proportion of properties sold in England and Wales above the £325,000 Inheritance Tax (IHT) ‘nil-rate band’ looks set to reach record levels in 2016.
The ongoing saga of who will inherit Prince’s estate following the singer’s death earlier this year has taken a new turn, with a Judge apparently denying the claims of close to 30 hopeful beneficiaries, reports the Telegraph.
It can be difficult for families to initiate discussions about important topics such as retirement preparedness, eldercare and estate planning, but a recent survey by Fidelity Investments has found that children are more prepared to help out than parents might think.
A wealthy family has changed the inheritance rules linked to the estate that has been in the family for generations, to ensure that the same-sex partner of any gay descendants will be entitled to a life-interest in the property, reports the Daily Mail.
New research has revealed that the proportion of new retirees who know they will be able to leave an inheritance to their loved ones has fallen to its lowest level in six years.