Henny Dovland: Intergenerational financial planning explained

As we live longer, it is quite typical for four generations to be alive and well in any one family. This means it is becoming increasingly important to consider financial planning on an intergenerational rather than individual basis. Inheritance tax (IHT) is hefty - 40% of the total qualifying estate - yet our own research shows that over a third of consumers aged 55 and over who use an IFA for financial advice have not yet considered IHT planning.  Financial planners need to think about the services they provide to the family as a whole. Rather than f...