How clients can talk discreetly to their parents about inheritance planning

'It's essential for clients to remain patient, empathetic, and understanding'

clock • 5 min read

Many affluent clients hesitate to discuss their long-term financial wishes with the next generation. However, avoiding these conversations can leave inheritors struggling to navigate a challenging web of assets and legal issues alone, writes Mike Winstanley

Speaking about death and finances – probably some of the most difficult things to do. However, time and time again, issues arise for families once key members have passed on. Unfortunately, most are issues that could have been avoided if families just discussed them. Wealthy individuals are likely to have a myriad of advisers in place that discuss inheritance planning regularly and ensure a smooth succession, but what about the many high net worth families who don't? Many affluent individuals hesitate to discuss their long-term financial wishes with the next generation. However, av...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Advisers urged to review legacy files after Court of Appeal IHT ruling

Advisers urged to review legacy files after Court of Appeal IHT ruling

HMRC is considering its next steps

Isabel Baxter
clock 28 July 2026 • 4 min read
Burnham U-turns on income tax allowance increase suggestion – reports

Burnham U-turns on income tax allowance increase suggestion – reports

Any change would be ‘difficult given the financial circumstances’

Isabel Baxter
clock 22 July 2026 • 2 min read
The pension IHT guidance gap and what advisers should do about it

The pension IHT guidance gap and what advisers should do about it

Full operational guidance won't arrive until spring 2027

Nick Henshaw
clock 21 July 2026 • 3 min read