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Wills and inheritance tax planning discussions 'still taboo'

Wills and inheritance tax planning remains a "taboo" subject for the majority of people, new research shows. Nearly two-thirds (63 per cent) of Britons have not or would not discuss inheritance issues with their parents, in spite of 40 per cent expecting to receive something, the study reveals. The survey, from Aviva, also shows three-quarters (76 per cent) of those polled would still be happy for their parents or grandparents to take money out of their property, even though this is the main source of inheritance income. It follows similar research commissioned to mark Dying Matters Awareness Week that found a third of people have not had a discussion about wills with their partner. That survey revealed two-thirds of people are uncomfortable talking about all death-related matters, such as wills, probate and Lasting Power of Attorney. Clive Bolton, from Aviva, said: "Despite the British taboo of discussing inheritance, it seems that three-quarters of Britons are happy for their parents to use the cash in their property to enjoy a better lifestyle in retirement. "Retirees should be encouraged to talk openly with their families about their plans and dreams for the future." Posted by Alex McLean
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