Sunak ‘minded’ to hike inheritance tax to help pay UK’s Covid bill

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New research found many families are ill-prepared for inheritance issues and this may harm recipients down the line.

According to analysis:

  • 30% of people who know their parents have a will, don’t know where to find it.
  • 17% say their parents have a lasting power of attorney in place.
  • 9% have a register of assets (details of accounts, investments, pensions and insurance policies) to make it easier for those they leave behind to untangle their finances.

However, new research found many families are ill-prepared for inheritance issues and this may harm recipients down the line.

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