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Categories:
Comment & Analysis
Young inheritors
Key points
- Trusts family investment companies and advisers can help young people manage substantial wealth.
- Deciding when to start advising a young person who will inherit large sums.
- Create a financial creche for investment to inspire a beneficiary.
- Common sense and sensitivity are important.
There is an art to passing great wealth successfully between generations. It involves understanding expectations and social pressures at least as much as tax structures and investments.
Social concerns can include protecting children from unwelcome attention as they grow and when they inherit: a transfer that can start to happen at a very young age. In a digital world these concerns are even more acute.
Few substantial estates are passed on now without the protection of trusts family investment companies and advisers. All of these help the...
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