People are increasingly willingly to leave part of their estate to a charitable cause close to their heart, according to new figures released by Remember A Charity.
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Macnairs + Wilson Solicitors Blog & News
The latest legal news, blogs and announcements from Macnairs + Wilson.
New research by Canada Life has found that as many as one in 25 people in the UK have inheritance expectations amounting to at least £1 million. For one in 50 people, these expectations exceed £5 million.
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Many non-married cohabiting couples don’t fully understand their legal rights with regards to their partner’s estate and therefore risk finding themselves in a vulnerable financial position should their partner pass away.
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Rules around inheritance tax (IHT) can be complex and difficult to comprehend, a fact that was recently borne out by two new pieces of research, which found evidence of a general lack of understanding on the matter.
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As many as 64% of adults in the UK are leaving their final wishes to chance by failing to prepare a will, Macmillan Cancer Support has warned. Worryingly, this includes 42% of people over the age of 55.
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