Has the freedom to leave what you want to who you want in your will been destroyed?
Melita Jackson died in 2004 and was firm in her wish that her daughter 'should not expect any inheritance when I die'.
It is the notion of 'connection' that is arguably the most concerning matter for the future as it is a new concept. Will you need to be a regular donor to a charity before naming it as a significant beneficiary in your will? Or should you specify within a letter of wishes exactly why birds/cats/dogs are so important to you? To read more, head to Spear's Wealth Management Magazine.
Related in brief posts
HMRC has launched a consultation on a review of the government's principles for taxing trusts. Fiona Poole examines the review in more detail.
In a bid for ever-increasing transparency, the UK government intends to continue the trend with the introduction of a further beneficial ownership register.
Eesha Arora and Sophie Wettern offer some ideas for navigating intergenerational conflicts in wealthy families