Five steps to take before passing on your wealth
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As families increasingly consider passing on wealth during their lifetime, careful planning is essential to ensure that gifts are made efficiently and without compromising long-term financial security.
In a recent Telegraph article exploring the key considerations involved in passing wealth to future generations, Partner and Chair of Remember A Charity’s Wealth Advisor Committee, Clare Stirzaker commented on the importance of balancing generosity with long-term financial security.
Clare noted: “Many people focus on how much they would like to leave their children or grandchildren, rather than how much they can realistically afford to part with. We often see people underestimate how long retirement may last and the potential impact of future care costs, healthcare expenses, as well as the impact of inflation. Before making any gifts, it’s important to be confident that your own financial security won’t be affected.”
The article also considers a number of wider estate planning issues, including understanding the value of an estate, the timing of gifts, the different structures available for passing on wealth, and the importance of communicating intentions clearly with family members.
Taken together, these considerations highlight the value of early planning when considering how best to transfer wealth while balancing the needs of both current and future generations.
The full article was published by The Telegraph in July 2026 (paywall).
