Britain’s millionaires are not doing enough to protect their wealth for future generations according to Coutts.

That is the finding of the private bank’s latest paper ’Breaking the wealth taboo: making succession a success’.

The survey, which collated the views of 270 millionaires - those with at least £1m in liquid assets - reveals that while one third (37 percent) admitted to suffering serious conflict within the family when it came to dividing up the money and assets, over half (58 percent) did not have an up-to-date Will in place.

The report also showed that one fift...