Counting on the great wealth transfer? Expect an $84 trillion mess instead.
- Britons aged 55 and over may face higher inheritance tax if they neglect to create a Will, with HMRC reporting inheritance tax receipts of £7 billion for the 2024/25 financial year.
- Over half of UK adults have not written a Will, according to Canada Life, with 13 percent stating they have no plans to write one in the future.
- Free Wills Month offers free will-writing services to those aged 55 and over, aiming to reduce inheritance tax burdens.
- Changes in inheritance tax rules starting in 2027 will affect more families, as defined contribution pension pots will now be included in estate liabilities.
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12 Articles
12 Articles
All
Left
1
Center
2
Right
2
Coverage Details
Total News Sources12
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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