A new report has given an interesting insight into levels of wealth that is expected to transfer between generations over the next 30 years. 

A newly published set of reports has highlighted the level of wealth held by older people in England and also found that much of it is likely to be bequeathed to later generations. 

A newly published report from think-tank the Resolution Foundation has called for inheritance tax (IHT) to be abolished and replaced with a new system that is fairer to families and harder to avoid. 

Many non-married cohabiting couples don’t fully understand their legal rights with regards to their partner’s estate and therefore risk finding themselves in a vulnerable financial position should their partner pass away. 

Rules around inheritance tax (IHT) can be complex and difficult to comprehend, a fact that was recently borne out by two new pieces of research, which found evidence of a general lack of understanding on the matter.