Intergenerational wealth management is about how families use their collective wealth to support each other during their lifetimes.
Increasing life expectancy and major social change mean many families need to reconsider how their wealth can work harder for the benefit of the whole family. We are now witnessing a phenomenon where the ‘baby boomers’ – those born in the post-war era and approaching retirement – represent the wealthiest generation in our society. However, whilst they enjoy the fruits of their labour, they are sandwiched between elderly parents facing the challenges of old age and children struggling with the hangover of university debts and spiralling house prices.
Traditionally, wealth has passed from one generation to the next upon death. However, intergenerational wealth management challenges that notion and looks at how families can use their wealth more collaboratively to support each other during their lifetimes. This offers legitimate estate planning and tax mitigation opportunities, whilst providing the much needed assistance to alleviate the financial burdens of everyday life.
we believe this innovative concept of intergenerational wealth management offers the perfect solutions to meet the modern family’s needs, whether it be:
- Protection for the whole family
- Caring for the increasing needs of elderly parents
- Helping loved ones onto the property ladder
- Investing for a better future for your children.
- Futureproofing your wealth – the importance of estate planning.
- Safeguarding your business’s future
Please do contact me if you think it has something to offer you and your loved ones – you may just be surprised by what is possible.
The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.