Younger generations are likely to inherit much more wealth than their predecessors did, according to new IFS research.

A company providing cashflow modelling tools that was created by a team of Chartered Financial Planners from South Wales has launched a new IHT Calculator.

The pension is effectively becoming the new family heirloom, a Chartered Financial Planner says, as younger generations look to inherit cash rather than things.

More families are tackling the inheritance taboo but nearly half still avoid the difficult conversation.