If your children or parents need financial assistance, you may want to transfer some of your wealth during your lifetime, rather than wait for your Will to take effect.
More than ever, as we all live longer, there is a need to be able to share collective wealth with the other generations of our family while we’re still around. This is the essence of ‘intergenerational wealth management’.
You may want to help parents with expensive long-term care costs, or to support a child with a deposit for their first home. Perhaps you have decided to pay the education fees for a grandchild. But at the same time you will be trying to ensure your family wealth lasts through your own, possibly extended, retirement.
St. James's Place can give you expert advice on all the issues associated with intergenerational wealth management.
Please contact us to find out more information.
Wills are not regulated by the Financial Conduct Authority.