A long wait…
A third of people born in the 1980s will be over age 70 when they receive an inheritance from their last surviving parent, according to the Institute for Fiscal Studies (IFS). This is a big change compared with the experience of the previous generation. The IFS reports that the average age of inheritance is 58 for those born in the 1960s.
The information in this article does not constitute advice and should be used for informational purposes only. This content has been provided to Helm Godfrey by Taxbriefs.