One in five (21%) over 50s has not even thought about inheritance, according to a new survey And – music perhaps to marketers ears – while 38% of those who have say they want to leave something to their family, enjoying retirement comes first. The research, by Opinium for Oaknorth Bank, showed 54% had never discussed their financial wishes and plans for later life with family members and more than a quarter (28%) said they had no intention of ever doing so. Yet 63% are concerned they won’t be able to afford care in later life, and 25% were “very concerned”.
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