Nearly two-thirds of UK adults (63 percent) do not seek financial advice on how they transfer wealth to the next generation, at a time when HMRC figures are showing the government’s tax take on inheritance is at £5.2 billion, according to research by The Big Window for Quilter.

Also, only 15 percent said they had sought information or professional advice on both transferring their wealth whilst still living and also at death.

HMRC figures showed that inheritance tax bills rose by eight percent last year, however, over a third of respondents (35 percent) who have not sought this type of information or advice said...