{"id":8546,"date":"2022-10-13T13:32:44","date_gmt":"2022-10-13T12:32:44","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=8546"},"modified":"2022-10-13T13:32:46","modified_gmt":"2022-10-13T12:32:46","slug":"intergenerational-planning-a-growing-need","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2022\/10\/13\/intergenerational-planning-a-growing-need\/","title":{"rendered":"Intergenerational planning \u2013 a growing need"},"content":{"rendered":"
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With the\nnext 30 years set to witness the largest ever intergenerational passing of\nwealth, the need for inheritance advice has never been greater.\nIntergenerational planning, however, can also help with more immediate\nfinancial needs, particularly when generations work collaboratively to find\nsolutions that support the whole family both now and in the future.<\/strong><\/p>\n<\/div>\n\n

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Inflation\nconcerns<\/strong><\/p>\n<\/div>\n\n

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Currently,\nfinancial pressures are proving a key challenge across all generations,\nespecially the impact of soaring energy bills as we move towards the winter\nperiod. The cost-of-living squeeze, though, is not only impacting people\u2019s\ncurrent spending power but also their future decision-making capabilities with\nregard to key issues such as housing, private education or university.<\/p>\n<\/div>\n\n

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Balancing\ncurrent and future needs <\/strong><\/p>\n<\/div>\n\n

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This has\nresulted in families increasingly adopting integrated strategies, especially in\nrelation to gifting, in order to address imminent financial challenges. While\nreducing future Inheritance Tax liabilities inevitably remains at the heart of intergenerational\nplanning decisions, the growing necessity to balance today\u2019s and tomorrow\u2019s\nneeds is resulting in the focus shifting to support for children and\ngrandchildren now.<\/p>\n<\/div>\n\n

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Involving\nthe generations <\/strong><\/p>\n<\/div>\n\n

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Intergenerational\nplanning tends to be most effective when the process is not just focused on\nthose who currently hold wealth. While funding a comfortable retirement and\nquality of care for the \u2018caretaker\u2019 generations remain fundamental elements of\nintergenerational planning, delivery of support for the coming generations and\nensuring wealth passes efficiently to the right individuals at the right time\nhave become increasingly important dimensions.<\/p>\n<\/div>\n\n

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More\nfamilies share an adviser <\/strong><\/p>\n<\/div>\n\n

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Greater\ninvolvement across multiple generations has also seen sharing a financial\nadviser become increasingly commonplace. This trend offers significant\nbenefits, particularly when it comes to joining up a whole family\u2019s needs with\ninheritance and gifting strategies, while treating all family members fairly.<\/p>\n<\/div>\n\n

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Encouraging\nconversations<\/strong><\/p>\n<\/div>\n\n

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If your\nfamily needs help with any aspect of intergenerational planning, then please\nget in touch. We\u2019ll be happy to assist by encouraging more open financial\nconversations across the generations.<\/p>\n<\/div>\n\n

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The value\nof investments and income from them may go down. You may not get back the\noriginal amount invested. Inheritance Tax Planning is not regulated by the\nFinancial Conduct Authority.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

With the next 30 years set to witness the largest ever intergenerational passing of wealth, the need for inheritance advice has never been greater. Intergenerational planning, however, can also help with more immediate financial needs, particularly when generations work collaboratively to find solutions that support the whole family both now and in the future. Inflation […]<\/p>\n","protected":false},"author":12,"featured_media":8547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,88,90],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/8546"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=8546"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/8546\/revisions"}],"predecessor-version":[{"id":8550,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/8546\/revisions\/8550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/8547"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=8546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=8546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=8546"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=8546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}