Six out of ten Britons have less than £5,000 when they die – and most of that is likely to be needed to pay for a funeral, according to researchers at the London School of Economics. The study found the share of those who leave significant wealth when they die went unchanged between 1950 and 2016 at around 40%.
Daily Mail, Page 27 via The Letter of the Law
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Philip Collins, Partner at Winckworth Sherwood, said that it “isn’t at all surprising” that there has been a rise in contested probate claims. He said: “We know that significant amounts of wealth, often tied up in property, is currently being passed down to younger generations. Inherited wealth is becoming increasingly important and can often […]
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