The Legacy Ladder
Hertfordshire Life|February 2018

While it’s the only chance for many younger people to own a property, inheritance can throw up difficulties and surprises, writes Fiona Brandhorst

The Legacy Ladder

MANY of the younger generation, the so-called millennials, are now banking on an inheritance to hop on the property ladder. According to a recent report, an astonishing 18 million-plus people in the UK are expecting to inherit all or part of a property worth almost £350,000.

The research by bridging lender MFS also reveals that 67 per cent of those surveyed had no intention of living in the property and would be looking to sell it as soon as possible, either re-investing the money or handing it down to the next generation.

However, selling an inherited property can be a fraught experience. Dealing with clearing the house, the complexities of inheritance tax and dividing the proceeds with relatives can be stressful.

When Lydia King’s father died, leaving the family home to her and her brother who lives in Australia, she felt mixed emotions when it came to selling up.

Bu hikaye Hertfordshire Life dergisinin February 2018 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Hertfordshire Life dergisinin February 2018 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

HERTFORDSHIRE LIFE DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Hertfordshire Life

Explosive history

With bonfire night this month, author Harry Smee recounts the explosive story of his family’s firework company, Brock’s, creators of wonders and war-changing weapons

time-read
6 dak  |
November 2020
A Day In The Life Of... A Jewellery Designer
Hertfordshire Life

A Day In The Life Of... A Jewellery Designer

Laurie McGrath, senior designer at Harriet Kelsall bespoke jewellery in Halls Green, gives an insight into her working day

time-read
2 dak  |
November 2020
Sniffig out clues in THE ASHES
Hertfordshire Life

Sniffig out clues in THE ASHES

Meet the fire investigation dogs securing convictions against arsonists and murderers who otherwise may go free

time-read
5 dak  |
November 2020
The greatest traveller
Hertfordshire Life

The greatest traveller

Exploring ancient civilisations and rising powers, Violet CressyMarcks became the most travelled woman of her age. Fifty years after her death we look at her incredible life

time-read
6 dak  |
November 2020
Hertfordshire Life

Return of the Queen of Romance

Twenty years after the death of record-breaking novelist Dame Barbara Cartland, Gillian Thornton talks passions, plots and a new audience with her son at the family home in Essendon

time-read
7 dak  |
November 2020
In bed with CELEBS
Hertfordshire Life

In bed with CELEBS

Marking its 70th year, Welham Green soft furnishings company Ashley Wilde has grown from a pile-it-high, sell-it-cheap business into an industry leader with A-list partnerships

time-read
6 dak  |
November 2020
Roam with a view
Hertfordshire Life

Roam with a view

We may not have coastline or mountains, but Herts has beautiful views all the same, if you know where to look

time-read
7 dak  |
November 2020
Saving Mrs Tiggy-Winkle
Hertfordshire Life

Saving Mrs Tiggy-Winkle

The secret life of a much-loved British mammal and simple steps we can take at home to stop its extinction

time-read
3 dak  |
November 2020
Hertfordshire Life

A walk down Surreal Street

Paul Crowley draws on his graphic designer’s eye to capture scenes from the country to the street, all tinged with surreality

time-read
3 dak  |
November 2020
5 minutes with
Hertfordshire Life

5 minutes with

Carole Spiers, Hertfordshire Chamber of Commerce member and founder of International Stress Awareness Week

time-read
2 dak  |
November 2020