Mar 9, 2022
Nearly every client I work with who has children give some
thought to how they might help them out in adulthood. For those
with young or teenage children, the thoughts are often around
assisting them into the property market via a lump sum gift to
bolster their potential deposit.
For clients whose children are beyond this milestone,
considerations around early inheritances commonly crop up. Where
parents perhaps in their 70s or beyond can see that they
comfortably have their retirement needs met, they are often
thinking about distributing some of their wealth amongst their
family today rather than leaving it all for when they're gone.
But dealing with this intergenerational wealth transfer comes with
some potential problems for both the giver and the recipient. In
this episode, I'm going to share with you a few of those challenges
that I've seen. Perhaps these examples will help you in navigating
this potentially tricky area.