THE BIG QUESTION

Should you leave your children an inheritance?

“There are practical reasons why your children should be top of the list”
“There are practical reasons why your children should be top of the list”
ALAMY

Jenny Ray, a partner at the law firm DMH Stallard

The passing on of wealth to your children through inheritance is a strong tradition, enshrined in law throughout the world.

But if you’re a fan of Succession, you’ll know why some may decide that there are people who are more deserving than their offspring.

Jenny Ray
Jenny Ray

I believe in testamentary freedom — leaving your money to whoever you choose — but there are practical reasons why your children should be top of the list.

For those who want to reduce their inheritance tax liability, there are savings to be had if you leave your property to your direct descendants. It can also help younger generations who are facing the spiralling cost of housing and inadequate pension