NEWS REVIEW

Why millennials waiting for a big inheritance may be disappointed

Over-65s own £2 trillion in housing and over the next few decades their children are going to benefit at last — or so they think

The Sunday Times

When her grandmother died unexpectedly of a stroke aged 75, Estelle Keeber was heartbroken. “My grandmother was my rock and the pillar of our family,” says Keeber, a 41-year-old marketing consultant from Leicester. But the heartbreak didn’t stop there. Once the funeral was over and the mourners had departed, things went downhill.

Keeber was expecting her grandmother’s £250,000 inheritance to be split between her and her sister, enough finally to buy a home of her own. Her grandmother “had explained to me that my sister and I were to be the only beneficiaries,” she says.

Keeber and her grandmother had been estranged from Keeber’s mother for four years. “My nan had told me she didn’t want my mum to be able to receive her