The “Why and What” of Leaving an Inheritance

November 1, 2011 Hull & Hull LLP Estate & Trust Tags: , , , 0 Comments

A British professional advice website, unbiased.co.uk, has published some intriguing statistical data as part of its ‘Write a Will Week’ campaign, which is ongoing this week..

More than one in four (27%) UK adults hope to leave enough money for their family or pets to live comfortably after they’re gone.

The more specific stats are as follows:

  • Enough for family or pets to live comfortably                         27%
  • Enough to boost child/grandchild’s savings                            19%
  • Enough for child/grandchild to put a deposit on a house         15%
  • Enough to fund child/grandchild through university                 11%
  • Enough to fund child/grandchild’s wedding                               7%
     

With respect to the composition of their expected estates, "nearly two thirds of UK adults expect to have a property (63%).  Of those, 55% expect the value of the home they leave to be worth £100k or more.  Over half (51%) expect to leave jewellery, antiques and paintings and nearly one in ten (9%) expect to leave a business behind."

David M. Smith – Click here for more information on David Smith

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