Over the next 30 years, up to £7 trillion in wealth will be handed down, representing the biggest intergenerational passing of assets in British history.

After a challenging start to the year, May brought a meaningful shift in sentiment, with equity markets rebounding; inflation softening in key regions; and central banks taking a more balanced tone.

Britain’s inheritance tax system is undergoing substantial reform, reshaping the landscape for families planning the transfer of wealth.

April was a turbulent month in markets, with geopolitics - rather than economics - taking centre stage.