February 27th, 2019 / Insight posted in Articles

Transferring wealth across generations

Financial wealth needs to be protected, particularly once passed to beneficiaries. Lynne Rowland has written for ePrivate Client, advising how to handle transferring wealth onto the next generation. She emphasises the need to become educated on wealth matters, as it will provide a solid base of protection and helps reduce errors when transferring.

There are many niches to consider when transferring wealth across generations, from personal issues such as reluctant benefactors to financial matters such as deciding whether to directly gift wealth to beneficiaries or move it into a trust. Accordingly, Lynne highlights that any plan positioned to protect personal finances should be reviewed regularly to guarantee that it is still relevant, and the benefactor’s Will should be updated if any changes are made.

This article was first published in ePrivate Client on 25 February 2019.
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