Grandparents in Britain currently hold over $400 billion in wealth, much of which will be passed on to the benefit of grandchildren, new research has found.
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Macnairs + Wilson Solicitors Blog & News
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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.
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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.
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