{"id":1474,"date":"2022-11-17T15:07:35","date_gmt":"2022-11-17T15:07:35","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=1474"},"modified":"2022-11-17T15:07:37","modified_gmt":"2022-11-17T15:07:37","slug":"helping-family-with-living-legacies","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2022\/11\/17\/helping-family-with-living-legacies\/","title":{"rendered":"Helping family with living legacies"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Rather than focusing on inheritance as the best way to pass on wealth, over-55s are increasingly looking to help their families out financially during their lifetimes. This trend towards \u2018living legacies\u2019 has been revealed in recent research<\/strong><strong><sup>1<\/sup><\/strong><strong> and has been in part due to increased life expectancy pushing up the average age at which younger generations inherit from their parents. People born in the 1980s are now predicted to receive their inheritance at age 64 on average, compared to 58 for those born in the 1960s.<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>The fear of running out of money during retirement has previously prevented many older people from offering financial support during their lifetime. This concern appears to be lessening, however, with a third of respondents to the research saying they\u2019d be unwilling to help a family member onto the property ladder without knowing how much they\u2019d need in retirement \u2013 compared to half of respondents to the same survey in 2016.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Aviva\u2019s Matt McGill commented, <em>\u201cThis increasing tendency towards considering helping out now rather than beneficiaries receiving an inheritance after death is perhaps a reflection of the turbulence and uncertainty that everyone has been through since we previously ran our survey in 2016, and which shows no sign of diminishing. Along with the hardship people have faced, it\u2019s also been a time of reflection for many and this could have included a resolution to live more for the moment and help family and loved ones now.\u201d<\/em>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Aviva, 2022&nbsp;<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Rather than focusing on inheritance as the best way to pass on wealth, over-55s are increasingly looking to help their families out financially during their lifetimes. This trend towards \u2018living legacies\u2019 has been revealed in recent research1 and has been in part due to increased life expectancy pushing up the average age at which younger [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":1470,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,77,78],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/1474"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=1474"}],"version-history":[{"count":1,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/1474\/revisions"}],"predecessor-version":[{"id":1475,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/1474\/revisions\/1475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/1470"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=1474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=1474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=1474"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=1474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}