Just over half of parents propose to split their wealth equally between their children when they die, with the rest planning to bequeath differing proportions, according to a poll of British families.
Their intentions will often come as a surprise to their offspring, since fewer than a quarter of young adults say they have had open discussions with their parents about their financial plans, says the survey published today.
The lack of financial understanding between the generations reflected in the findings “can have a significant impact on family financial planning, creating challenges over the short and long term,” say the authors of the Generation Game report.
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