Macnairs + Wilson Solicitors Blog & News
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.
Recent research from the United States has found that only 42% of adults have estate planning documents such as a will or living trust in place. The percentage is even lower among those with children under age 18 (36%).
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.
The publication of findings from several recent research projects has given an interesting insight into current trends and opinions with regards to inheritance planning.