Inheritances to climb as baby boomers pass wealth on

The amount that of money which will pass to their children will rise fivefold as baby boomers start to pass on their wealth. A new report from HSBC, called ‘The Age of Inheritance’, shows that in the years to 2050 the amount of money left by baby boomers will rise significantly. Much of the increased estate size is down to the housing boom of the late 20th century, however the report also concludes that this is unlikely to be repeated and as a result estate sizes will fall in the following 15 years to 2065. The report suggests that estate sizes will ...