Inheritance Begins at 30

Beneficiaries shouldn't get their inheritances before age 30, according to a majority of respondents to a Financial Times survey of wealthy readers.  And despite the conventional wisdom offered by estate planners, some may not give the same amount to each child.

In reality, inheriting too soon probably isn't the problem. As one respondent commented, rising life expectancy is deferring many inheritances to an age when it is too late enjoy or spend the proceeds.

Sidelight: Respondents did not view their private bankers as an estate planning resource.

When asked whether they had discussed wealth transfers with their advisors, the response was mainly ‘no’, with comments such as: "They don’t have the expertise or experience to help like in the past"; "No point, they just want to sell you inappropriate and expensive “products"; and my personal favourite: "Yes. Some. But they nod out of deference. Silly people."