New research has revealed that the over-50s are choosing to cut back on personal spending so they can build an inheritance pot for their loved ones. However, their children don’t share this view and would rather their parents spent their money on themselves during retirement instead of leaving it behind.
Over a year after Prince’s untimely death, a judge in Minnesota has named the singer’s sister, Tyka Nelson, and his five half-siblings as heirs to his estate, reports the Independent.
New research into gifting behaviour has found that parents want to give away early inheritance gifts to help their children financially now rather than making them wait.
According to a recent report by USA Today, only around 1% of senior citizens in China have written a will or conducted some other form of inheritance planning exercise, which is beginning to cause problems regarding the transfer of wealth.
A new report has highlighted the extent of the pensions and savings gap in the UK, with many adults failing to save enough money to provide for a comfortable retirement.
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.
New research by Saga Investment Services has revealed that a growing number of over-50s are planning to hold back savings in their pension to pass on their wealth tax-efficiently.
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.
