Is the biggest Asset you have your parents cash?

The institute of fiscal studies in the UK (IFS) have published their findings into a study that is reported to have concluded that the rich are getting richer. The study finds that younger generations are much more likely to receive an inheritance than their predecessors.  Specifically the report found that people born in the 1970’s are twice as likely to …

Inheritance and Estate Planning

Passing your accumulated wealth to the next generation is something most people strive to do, however the views on whether the tax man should take a slice the children’s inheritance can differ from person to person. Estate planning is key element of a solid financial plan.