Over the next few decades the Baby Boomers, the wealthiest
generation that has ever lived, are going to die.
In doing so, they will pass on assets worth an estimated
£5.5 trillion in the UK alone1. Yet at least one
study has found that many families are ill-prepared for the
transfer of wealth. When surveyed, a significant number of parents
in England did not intend to treat their children equally. When
asked whether they had discussed this, many of the older generation
said yes – however a higher percentage of their children said
that they had not been spoken to.
From our experience worldwide, that pattern is being replicated
globally. And it is highly likely to cause issues when the younger
generation does not inherit as they had expected.
