Intergenerational Wealth Management

Intergenerational wealth management relates to how families use their collective wealth to support each other during their lifetimes rather than the traditional method of passing on wealth upon death.

How can we help?

It goes without saying that the earlier you start planning the better. Engaging in this area of planning at the earliest possible point will help to avoid any nasty surprises further down the line and allow you to pass on wealth to children/grandchildren/beneficiaries when they most need it.

Putting in place the right plans at an early stage will provide a greater opportunity to build wealth over time. This will ensure you leave behind as much as possible without having to make unnecessary sacrifices, as well as ensuring your wealth works harder for all your family without putting your own security and retirement at risk.

Increased life expectancy, the rising costs of education and rent, combined with the next generation’s difficulty in getting onto the housing ladder, means many families are turning to financial planning earlier on in life so that their wealth can work harder for the benefit of the whole family if required.

Our financial advisers will help you consider your intergenerational wealth planning options in detail, ensuring you fully understand and plan carefully with all options in mind. For many, this is a personal and complex stage of planning and obtaining the correct advice in this area will ensure the most suitable outcome for the whole family.

We will take the time to understand your personal aims and objectives and highlight the most appropriate solution, taking into account your personal circumstances. We strongly advise that your beneficiaries are included in the planning process as it enables us to not only be familiar to them but all address any additional areas of advice that may be required to support the overall plan at a younger age. This will allow for a smooth transfer of wealth and the ability to financially care for the people that matter in the most efficient way.

If you’d like to find out more about intergenerational wealth management, our advisers would be happy to help.

Areas include:

  • Establishing a family road map
  • Remain in control of finances
  • Making the most of available tax allowances and estate planning strategies
  • Tailored plan that is clear and straightforward
  • Monitor plans put in place to make sure you stay on track with your goals
  • Make sure you pass on wealth in a controlled and tax-efficient manner
  • Help to make sound financial decisions

If you’d like to find out more about intergenerational wealth management, our advisers would be happy to help.

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Contact an expert

For a no-obligation consultation with one of our Independent Financial Planners, please call 01494 455616