Researchers find most older people would rather provide an inheritance while they are still alive
- Most over-60s favour ‘giving while living’ – but even more also say they have the right to spend their money on themselves
- Half would compromise their own living standards to boost the amount they can leave behind – but half would not
More than three-quarters of older Irish people believe they should be able to spend their own money in their own lifetime – while 69% favour ‘giving while living’ when it comes to providing an inheritance to their loved ones.
These are two of the key findings of new Behaviour and Attitudes research commissioned by Spry Finance1– the sole provider of lifetime loans in the Irish market – which surveyed attitudes towards inheritance in people aged over 60 in Ireland.