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Research carried out by Barclays Wealth has found that nearly a third of millennials would prefer that their parents spend money on their retirement rather than saving it to pass down by way of inheritance. The study found that 32% of older millennials would rather that cash was spent on a comfortable life in retirement

The chancellor’s autumn statement confirmed that the current Inheritance Tax threshold will be frozen until at least April 2028. This follows a previous announcement freezing it until April 2026. The two-year extension to the lower limit means that more families will be required to pay Inheritance Tax as more estates exceed the nil rate band

A new study carried out by Tower Street Finance has found that the value of estates likely to be left has fallen and 10% of those questioned believe they will not be able to leave anything to their loved ones. The research also found that with living costs rising, a substantial number of people are

Figures released by HM Revenue & Customs have revealed that the number of deceased estates valued at more than £1 million has risen by over one-third in five years. In 2013-14, there were 8,340 estates worth over a million, while in 2018-19 the number stood at 11,210. This rise is likely to have been fuelled

New research by Aviva has looked at the attitude to spending, saving and retirement in the over-45s, to include the length of time homeowners are staying in one property before moving on. There has been a reduction in levels of property ownership compared to the figures from six years ago, both among those with mortgages

Figures released by the Office for National Statistics have revealed that the older population in England and Wales is continuing to grow, with 11.1 million people in 2021 aged 65 or older, equivalent to 18.6%. This is up considerably from 9.2 million or 16.4% in 2011. The number of over-65s now exceeds the number of

With the current Lasting Power of Attorney (LPA) system over thirty years old, the government’s consultation on reforming the process has been welcomed by many who are concerned about protecting those who may lose the capacity to manage their own affairs. A Lasting Power of Attorney is a legal document which allows an individual to

The BBC drama series The Split has recently mentioned the use of an advance directive in the case of an individual with motor neurone disease. An advance directive, also sometimes referred to as a living Will or an advance decision, sets out your wishes for the healthcare you would like in the future, in the

Pembroke Will Writers have moved office! But don\’t worry, we\’ve not gone far. We\’ve just moved 10 doors down… You can find us now at 133 Watling Street. Everything else you know and love about Pembroke Will Writers remains the same. Same contact telephone number and email, same friendly faces, same fantastic service. Rob and

If you or your spouse or partner need to move into care, the expense could use up a large part of your estate. While it is not lawful to deliberately deprive the local authority of funds, there are legitimate ways to protect your wealth so that it can be passed on to your beneficiaries when