Recent statistics have highlighted that the UK is becoming more generous in the amounts they leave to charity. However, what may be surprising is that we are leaving more inheritance to animal charities than those that protect our children!

The BBC reports that Ali Bongo, the President of Gabon, is giving away his inheritance to set up a foundation for young people and their education. According to news sources, the political figure is set to give away the millions of dollars he is due to inherit from his father, who died in 2009. His father’s estate is yet to be distributed to the 53 declared heirs but his son has now announced that he will use the money to build an educational infrastructure in Gabon.

The summer Budget brought good news for those with wealth tied up in family homes as Chancellor George Osborne announced the introduction of an additional nil-rate band for a person’s main residence. However, some experts have criticised the announcement for being unnecessarily complicated and causing confusion amongst the public.

Recently published research suggests that over 33% of Brits are reliant on an inheritance windfall to secure their financial future. According to data from retirement specialists LV=, millions of UK citizens would be unable to maintain a stable income in their later life if it weren't for inheritance.

The revised Inheritance Tax (IHT) rules announced by Chancellor George Osborne during the summer’s Budget speech have appeared to cause widespread confusion across much of the public.

Following on from the recent and well publicised Ilott case, the Financial Times reports that the ruling highlights the powers at the disposal of the courts to overrule Wills.

According to a survey conducted by Remember A Charity, one in six Britons aged 60 and above have decided to include a charitable donation in their Will, the Charity Times website reports.

A landmark legal ruling has seen a daughter who was explicitly left out of her mother’s Will awarded £164,000 in inheritance on appeal.

Richard Colton, a well-known member of the Ferrari Owners Club, has left his two multimillion-pound Ferraris to the Royal National Lifeboat Institution (RNLI) in his Will. The two 1960’s cars, valued at £2 million and £6 million respectively, will be sold at auction in October to raise funds for the coastal search and rescue charity.