CONCLUSION

This week we have been looking at the considerations you should make when transferring wealth to your family. Considering all of these factors will help you determine the best time to transfer wealth to your family, but it’s important to discuss wealth transfer with them as soon as possible to maximise your options. Families must overcome numerous obstacles to ensure that their wealth is safeguarded and continues to accumulate over generations while remaining true to the family’s values and vision.

Wealth transfer to the next generation is a continuous process – and it is extremely difficult. It’s critical to keep talking as a family. Making a decision on when to distribute wealth to your family is a personal one as well. It is critical to seek professional advice to ensure that you are making the best decisions possible based on your circumstances. To talk about sharing your family’s wealth transfer plans, please contact us.