Research from wealth management firm Saltus has shown that of people with assets of £250,000 or more only 28 percent have discussed plans for passing on their wealth with their children.
Saltus surveyed 1,000 high net worth individuals (HNWIs), mostly self-made and all heavily invested in the UK, with a median net worth of £1.5 million.
The results showed that only 36 percent of HNWIs have discussed wealth plans with their partner, and only 28 percent of over 65s have...