Natasha Southam, Senior Associate in the Private Client team, was recently featured in The Telegraph in a piece that highlights how millennials are becoming more resistant to receiving “burdensome” real estate, and are instead favouring monetary gifts.
Natasha explained “We do see an increased resistance to inheriting real estate and a preference for cash gifts. Owning numerous properties can be seen as burdensome and prohibitive to a mobile lifestyle, which is often a priority.”
Read the full article, here: https://www.telegraph.co.uk/money/property/second-homes/inheriting-second-home-ultimate-embarrassment-millennials/