It has been reported that the increase in the number of children involved in inheritance disputes has been fuelled by rising property prices.

Further proposals by the Scottish Law Commission (SLC) as part of a two-stage consultation on reform of Succession Law could affect a significant number of unmarried couples living together.

In the US, the term ‘inter-generational wealth transfer’ has been commonly used in financial advice circles for many years. Financial advisers and wealth manager across North America have adopted business strategies to ensure that they are well positioned to involve themselves in the redistribution of wealth when their client passes away. With research suggesting that $30 trillion of personal assets are due to be transferred in the next 15 years, it’s unsurprising that advisers want to be able to capitalise on such significant wealth being inherited by the next generation of potential clients.

Reports suggest that around a fifth of people think they are not wealthy enough to leave a Will, even though the average homeowner now has over £214,000 worth of property as part of their estate.

Earlier this year, the Ministry of Justice (MoJ) published a consultation paper with the view to reform probate fees by introducing a new 'banded' structure.

Recent research has shown that the cost of death is soaring, with funerals becoming more expensive than ever before.

A report on the cost of dying has highlighted that a bereaved family will spend £3,000 on average when hiring a legal professional to administer the estate of a loved one. Administering an estate typically involves dealing with all of the assets associated with the person who has died, paying any debts and managing all of the legal and tax implications.

Recent research has shown that 86% of the population wants financial advice to help them prepare for their retirement, highlighting how many people do not feel confident in planning for this pivotal stage of their life.

Recent research shows that millions of Brits are relying on their inheritance to provide them with financial security, with this anticipated cash windfall often playing a key part in their retirement plans.