A recent survey by HSBC has revealed interesting differences between attitudes of men and women when it comes to inheritance. The study found that women were more concerned about maintaining some assets to hand down to the next generation while men who were more inclined to spend everything before death. The country of residence also played a part in attitudes about inheritance as the people living within an advanced economy were more inclined to spend it all than leave anything to their descendants. This report goes to show that attitudes about inheritance are wide ranging and every estate planner should know if a client wants their last ever check to bounce or pass down a sizable to bequest to loved ones.
See Laura Shin, Survey: Whether To Leave An Inheritance Or Spend It All Varies By Gender, Country, Forbes, May 28, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
