Macnairs + Wilson Solicitors Blog & News

Families have contrasting views over what the older generation should do with their money, new research has revealed. The over-50s want to save their money and pass it on as an inheritance; while adult children would rather their parents spent their money on themselves.

Over a year after Prince’s untimely death, a judge in Minnesota has named the singer’s sister, Tyka Nelson, and his five half-siblings as heirs to his estate, reports the Independent.

New research from Prudential has revealed a growing desire amongst parents to keep control over how any money they leave after they die is spent by their children.

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.

Two recent studies have given an interesting insight into how prepared families are when it comes to transferring and inheriting wealth.