{"id":1440,"date":"2022-11-09T15:11:56","date_gmt":"2022-11-09T15:11:56","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=1440"},"modified":"2022-11-09T15:11:59","modified_gmt":"2022-11-09T15:11:59","slug":"intergenerational-financial-planning-a-growing-need","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2022\/11\/09\/intergenerational-financial-planning-a-growing-need\/","title":{"rendered":"Intergenerational financial planning \u2013 a growing need"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>With the\nlargest ever intergenerational passing of wealth projected over the next few\ndecades, the need for inheritance advice has never been greater.\nIntergenerational planning can also help with more immediate financial needs,\nparticularly when generations work together to find solutions that support the\nwhole family both now and in the future.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Currently,\nfinancial pressures are proving to be a major challenge across the generations.\nThe cost-of-living squeeze, though, is not only impacting people\u2019s current\nspending power but also their future decision-making in key areas such as\nhousing, private education or university.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>A balancing\nact<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Many families\nare now adopting integrated strategies, especially in relation to gifting\nmoney, to address imminent financial challenges. The aim of reducing future\nInheritance Tax (IHT) liabilities inevitably remains at the heart of\nintergenerational planning decisions, coupled with the growing necessity to\nbalance both today\u2019s and tomorrow\u2019s needs, resulting in the current focus\nshifting to support children and grandchildren now.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Getting the\ngenerations involved <\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Intergenerational\nplanning tends to be most effective when plans are not just focused on those\nwho currently hold wealth. While funding a comfortable retirement and quality\nof care for the \u2018caretaker\u2019 generations remain fundamental elements of\nintergenerational planning, support for younger generations and ensuring wealth\npasses efficiently to the right individuals at the right time have become\nincreasingly important.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Encouraging\nconversations <\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Sharing a\nfinancial adviser within families has become increasingly commonplace; offering\nsignificant benefits, particularly when it comes to joining up a whole family\u2019s\nneeds with inheritance and gifting strategies, while treating all family\nmembers fairly.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>If your family\nneeds help with any aspect of intergenerational planning, we\u2019ll be happy to\nassist by encouraging more open financial conversations across the generations.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>With the largest ever intergenerational passing of wealth projected over the next few decades, the need for inheritance advice has never been greater. Intergenerational planning can also help with more immediate financial needs, particularly when generations work together to find solutions that support the whole family both now and in the future. Currently, financial pressures [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":1444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,77,78],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/1440"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=1440"}],"version-history":[{"count":1,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/1440\/revisions"}],"predecessor-version":[{"id":1447,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/1440\/revisions\/1447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/1444"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=1440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=1440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=1440"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=1440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}