It is estimated some £5.5 trillion will pass between generations in the UK over the next 30 years and, writes Kirsty Mitchell, to ensure these assets are secured, elderly clients need to start talking about their wealth
Do you encourage your elderly clients to talk to their family about their wealth? It is a simple enough notion but it is more important than it may first appear. Many clients can put off this conversation as it can cause contention within their family and, very often, how even to bring up the subject can be a sticking point too. A conversation about family wealth leads into discussing the estate and what will happen to this estate once the elderly generation are no longer around to take care of it. One of the main problems is that, although mathematics is a central part of school educ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
