- Thursday, 3 December 2009A significant proportion of Britain's older generation intend to leave inheritance for their children, though a number of younger people do not expect to receive a parting gift.
That is according to Aviva, which reveals that while 66 per cent of over-55s look to leave an inheritance, only 41 per cent of respective sons and daughters anticipate getting such a windfall.
Furthermore, 39 per cent of children would prefer their parents to use the money to fund their retirement.
Decisions over inheritance could directly impact upon the potential debt advice needs of either party, should one or the other be in financial difficulty.
Brian Bussell, director of pensions at Aviva, revealed that a substantial sum of money was lined up to be left, and reiterated that in the would-be recipients eyes it could be better used.
He commented: "While it appears that the UK's over 55s are looking to leave their families £2.15 trillion worth of assets, the resounding response from their families is that they should enjoy their hard earned savings while they can."
In London, 67 per cent of people intend on leaving an inheritance.
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