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LATEST NEWS & EVENTS Half of retirees confident about leaving an inheritance  Just over half of the people retiring in the UK this year think they will need wills and inheritance tax planning advice, a survey indicates. Fifty-two per cent of people polled by the Prudential said they are confident about leaving an inheritance. The survey of retirees also reveals that around one in ten (nine per cent) will cancel plans to leave a financial legacy in order to boost their own retirement income. It follows research from Standard Life that showed 51 per cent of British adults do not have a will. Gerry Brown, a tax and trusts expert from Prudential, noted that the focus for people needs to be on their own retirement income, which makes leaving a financial legacy "a secondary consideration". The research, he explained, shows that inheritances are increasingly in the "nice to do" rather than the "need to do" category. "For those who do hope to leave a financial legacy there is a risk of assets that increase in value being left exposed to tax as the threshold for inheritance tax is frozen until 2015," he added. Posted by Alex McLean 
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