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Will the bank of mum and dad replace inheritance?
With an ageing population, it’s taking longer and longer for people to receive inheritance, so some parents are choosing to give financial help to their children before they die, instead of leaving money in their will.
In this episode, we discuss the different ways you can give and receive a ‘living legacy’, including mortgage deposits, cash gifts and childhood pensions – and the tax rules to be aware of.
Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
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By Which?
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With an ageing population, it’s taking longer and longer for people to receive inheritance, so some parents are choosing to give financial help to their children before they die, instead of leaving money in their will.
In this episode, we discuss the different ways you can give and receive a ‘living legacy’, including mortgage deposits, cash gifts and childhood pensions – and the tax rules to be aware of.
Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
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