Skip to main content
CLOSE

Charities

Close

Corporate and Commercial

Close

Employment and Immigration

Close

Fraud and Investigations

Close

Individuals

Close

Litigation

Close

Planning, Infrastructure and Regeneration

Close

Public Law

Close

Real Estate

Close

Restructuring and Insolvency

Close

Energy

Close

Entrepreneurs

Close

Private Wealth

Close

Real Estate

Close

Tech and Innovation

Close

Transport and Infrastructure

Close
Home / News and Insights / News / Generation Y…

…also known as Millennials, are due to inherit twice as much from their ‘baby boomer’ parents and grandparents, reveals a recent report by Resolution Foundation.

The inheritance boom is mainly due to older generations having benefited from property increases. However, unfortunately for the Millennials, by the time they receive their inheritance it will be too late in their life to support today’s expensive living standards.

There are a number of ways in which you can distribute your wealth in a way that can support your children now as well as plan for the future. Estate and tax planning is key to this. With the introduction of the residential nil rate band, there is the potential for many to inherit the family home inheritance tax free and various ways to gift assets to support your children at an earlier stage in their lives.

Related Articles

Our Offices

London
One Bartholomew Close
London
EC1A 7BL

Cambridge
50/60 Station Road
Cambridge
CB1 2JH

Reading
The Anchorage, 34 Bridge Street
Reading RG1 2LU

Southampton
Grosvenor House, Grosvenor Square
Southampton SO15 2BE

 

Reading
The Anchorage, 34 Bridge Street
Reading RG1 2LU

Southampton
Grosvenor House, Grosvenor Square
Southampton SO15 2BE

  • Lexcel
  • CYBER ESSENTIALS PLUS

© BDB Pitmans 2022. One Bartholomew Close, London EC1A 7BL - T +44 (0)345 222 9222

Our Services

Charities
Corporate and Commercial
Employment and Immigration
Fraud and Investigations
Individuals
Litigation
Planning, Infrastructure and Regeneration
Public Law
Real Estate
Restructuring and Insolvency

Sectors and Groups

Private Wealth
Real Estate
Transport and Infrastructure