69% don\u2019t have great expectations in terms of future inheritance\r\n\r\nOnly a third of UK adults expect their parents to leave them their entire estate\r\n\r\nSocial care policy, property prices and Brexit impacting what working age adults expect to be left behind by their parents\u2019 generation\r\n\r\nBritish working age adults are lowering their expectations around inheritance when planning their financial futures, according to research released today.\r\n\r\nThe study, which spoke to 1,000 adults under-45 and 1,000 adults of pensionable age, found that 69% of working age adults aren\u2019t banking on receiving a considerable amount of future inheritance when planning their financial future.\r\n\r\nOnly a third of adults (34%) said they are expecting their parents to leave them everything they own when they pass away.\u00a0 Indeed, only 31% say they factor in likely inheritance when making plans for their long-term financial future.\r\n\r\nThe report showed that there are a number of reasons behind the decision of many Brits to commit to securing their own features, many of which they have little control over.\r\n\r\nOf those who admit to curbing their expectations around their likely inheritance, the prospect of their parents having to pay for their own care (51%), uncertainty over Government social care policy (35%) and rising inflation (32%) were the main reasons cited for those with more modest expectations.\u00a0 Further to this, 58% of the under \u2013 45\u2019s admitted they doubted they would be able to leave as much inheritance to their own children as they\u2019d hoped to earlier in life.\r\n\r\nThe report was released by Remember A Charity, a coalition of 190 charitable organisations who encourage people to consider leaving a legacy gift in their Will once they have secured their friends and family\u2019s future.\r\n\r\nWhilst working age Brits are revising their expectations of what they will receive, the report indicates that they are also increasingly looking to encourage the older generation to do social good once they have secured the futures of their family and close friends.\r\n\r\nFor example, the research found that the average adult aged under 45 would be happy for their parents to leave up to 16% of their total estate to a charitable organisation once they had secured their family\u2019s future, highlighting the growth of a more socially conscious younger generation.\r\n\r\n1 in 10 (9%) under \u2013 45s claim that they have actively encouraged their parents to consider leaving a legacy gift. Only 4 in 10 (45%) would be comfortable with their parents not leaving any legacy and giving all of their estate to them. 5% went as far as to say they\u2019d be happy for parents to leave 100% of their estate to charity!\r\n\r\nRob Cope, Director at Remember A Charity comments, \u2018Our report today highlights that a whole generation of British adults are encouraging their parent\u2019s generation to leave a real legacy by doing some social good when they prepare their Will.\r\n\r\nThere are obviously financial challenges facing all generations in today\u2019s Britain. However, that the average adult would be happy for 16% of their family estate to go to good causes only serves to highlight how giving we are as a nation. \u00a0Legacy donations are the lifeblood of so many vital services that are provided by charities all over the UK. We hope that this trend continues and more people decide to have their say on the world they want to leave behind in this way.\u2019\r\n\r\nWhilst the younger generation are encouraging their parents to do social good, the report suggests that the older generation are still struggling with a number of financial realities. 53% of the over 65s surveyed said that they still worry about their financial future. Of those who have revised down how much they will be able to leave in their Will, 67% say the uncertainty around the government\u2019s social care policy is the main reason for this. 47% admit to being regretful that they can\u2019t leave their children a more secure financial future.\r\n\r\nTwo thirds of this age group (64%) admit that they worry about their children\u2019s financial future. Despite the encouragement of their children, this generation only feel in a position to leave an average of 5% of their estate to charitable organisations once they have secured the future of their family.