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Almost half of Britons 'expect to receive an inheritance'

Wed 24 Aug 2011

Nearly half of all people in the UK are expecting their parents to bequeath them an inheritance, a new survey has found.

According to research by Aviva, 40 per cent of Britons believe they will be handed money or assets by their mother and father when they die.

Indeed, some are so sure of receiving an inheritance that they are factoring it into their plans to fund their retirement.

However, Aviva noted that the issue remains something of a taboo in Britain, with 63 per cent of consumers being uneasy about discussing it with their parents.

Figures from the company showed that while house price growth has slowed down in the last few years, property remains the "most valuable asset" for many people aged over 55.

Indeed, Aviva said the value of the average property owned by those in this age group exceeds £231,300.

This comes after a survey by Skipton Financial Services revealed that issues such as debt and the size of a deposit for a house have prompted many to seek some or all of their inheritance early.

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