Intergenerational wealth planning: Your options when passing on wealth to the next generation

Ensuring your family is financially secure for the long term is a common goal. If it’s one of your priorities, intergenerational wealth planning could help you create a plan that suits you and your loved ones.

There’s more than one way to pass on wealth to your family. Each option has advantages and drawbacks that you need to weigh up to understand what’s right for you and your beneficiaries. This useful guide covers three main options:

  1. Gifting assets during your lifetime
  2. Using a trust to pass on wealth
  3. Leaving an inheritance

The guide also explains some of the key things you need to consider before you pass on wealth. For instance, if you gifted assets now, could you face financial insecurity later in life? Or could your estate be liable for Inheritance Tax when you pass away?

You can also read about the benefits of involving your family in the financial planning process. From facilitating money conversations to helping you identify tax allowances you could use, it may help your wealth go further.

Download your copy of ‘Intergenerational wealth planning: Your options when passing on wealth to the next generation’ now to read more about creating a plan that suits your family.

It’s never too soon to start thinking about how you want to pass on wealth or who you want to benefit from your assets.

If you have any questions about intergenerational wealth planning, please contact us.

Please note: HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

Approved by The Openwork Partnership on 09/08/2023.

News

Stay in the loop

Keep up to date with industry insights and company developments by signing up to our free bi-monthly newsletter.

    The internet is not a secure medium and the privacy of your data cannot be guaranteed.
    News

    10 simple ways to add more fibre to your diet

    Read more
    News

    Why you should make registering a Lasting Power of Attorney a priority

    Read more
    News

    Half of adults reconsidering their retirement plans ahead of 2027 Inheritance Tax changes

    Read more
    News

    Why an effective financial plan might involve spending more

    Read more
    News

    Financial protection: How it could help you bridge an income gap

    Read more
    News

    The barriers to financial wellbeing

    Read more
    News

    The home movers guide to mortgages

    Read more
    News

    Why ongoing financial advice could ease your mental load

    Read more
    News

    The surprising ways you could boost endorphin production

    Read more
    News

    How to reduce your Capital Gains Tax bill in 2025

    Read more
    News

    How financial planning could help you overcome decision paralysis

    Read more
    News

    4 ways that money can make you happy

    Read more
    Contact us

    We’re here to help

    Leave us a message and we’ll be right back in touch.

      The internet is not a secure medium and the privacy of your data cannot be guaranteed.

      Get in touch

      01252 979673 admin@johnsonwealthsolutions.com
      11 Kings Rd,
      Fleet,
      Hampshire,
      GU51 3AA
      Johnson Wealth Solutions
      Privacy Overview

      This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.