Today we will look at the first two considerations that should be a part of any family wealth transfer plan, with a further two being looked at in tomorrow’s post.

Age: Your age is an important consideration.You may have more time if you are younger to amass assets and expand your estate. If you are older, you may want to reconsider transferring wealth sooner rather than later to maximise the amount available to your beneficiaries.

Age of Beneficiaries: Another important factor to consider is the age of your beneficiaries. If they are young, they may not require the money right away, and it can be used to help them further their education or purchase a home. If they are older, they may require the funds to support themselves in retirement.

Tomorrow we will look at two further considerations that should be a part of any family wealth transfer plan. However, please contact us for more information on how we can help protect your future financial well-being and the options available to you.