{"id":141584,"date":"2011-11-14T17:58:07","date_gmt":"2011-11-14T13:58:07","guid":{"rendered":"http:\/\/www.epress.am\/?p=141584"},"modified":"2011-11-14T17:58:07","modified_gmt":"2011-11-14T13:58:07","slug":"multimillionaires-most-likely-to-cut-relatives-out-of-will","status":"publish","type":"post","link":"https:\/\/epress.am\/en\/2011\/11\/14\/multimillionaires-most-likely-to-cut-relatives-out-of-will.html","title":{"rendered":"Multimillionaires Most Likely to Cut Relatives Out of Will"},"content":{"rendered":"<p>Having rich parents is no guarantee of financial security, according to a survey that has found Britain\u2019s multimillionaires are more likely to cut children out of their wills, <a href=\"http:\/\/www.telegraph.co.uk\/finance\/personalfinance\/8887133\/Multimillionaires-more-likely-to-cut-relatives-out-of-wills.html\">The Telegraph<\/a> reports.<\/p>\n<p>The poll by Barclays Wealth found that 5 per cent of people worth between \u00a31million and \u00a32m had disinherited relatives.<\/p>\n<p>However, the figure rises to 13 per cent among those with assets of more than \u00a310m.<\/p>\n<p>The report found that money was often a source of tension in families, with 37 per cent of the well-off individuals questioned saying that they had experienced \u201cconflict\u201d with those closest to them as a result of their wealth.<\/p>\n<p>But it also appears that some decisions to cut loved ones out of wills may have been taken to avoid them frittering away hard-earned fortunes, rather than a result of disputes. Four out of 10 questioned said they \u201cdo not trust their children and stepchildren to protect their inheritance\u201d.<\/p>\n<p>Overall, 6 per cent of high net worth individuals in Britain said they did not intend to pass on their wealth, with many believing that earning money is more likely to lead to happiness than inheriting it.<\/p>\n<p>Wealthy individuals in other parts of the world, such as the Middle East, Africa and Latin America, were far more trusting of their descendants and experts believe this could be a result of Britain\u2019s higher rate of relationship break-up and remarriage.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Having rich parents is no guarantee of financial security, according to a survey that has found Britain\u2019s multimillionaires are more likely to&#8230;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":141572,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tstyn_error":""},"categories":[10],"tags":[34572,34570,34569,34571],"_links":{"self":[{"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/posts\/141584"}],"collection":[{"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/comments?post=141584"}],"version-history":[{"count":0,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/posts\/141584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/media\/141572"}],"wp:attachment":[{"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/media?parent=141584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/categories?post=141584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/epress.am\/en\/wp-json\/wp\/v2\/tags?post=141584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}