Preparing for the great wealth transfer

The UK will see £5.5tn in assets passed down between now and 2050.

This startling figure — dubbed ‘the great wealth transfer’ — could mean that disputes become more common unless steps are taken by individuals and families to discuss and action the legal protections that can be put in place.

The last thing you want is for your hard-earned assets to be depleted by inheritance tax or attempting to resolve an issue.

That’s why we recommend an approach which may include wills and trusts — and where appropriate, a pre-nup or post-nup — to protect your assets.

All planning tools should be regularly reviewed and updated during major life changes such as cohabitation, marriage, separation, divorce, having children or changing financial circumstances.

Life’s journey is full of unknowns — and while every set of circumstances is unique, wealth can add a further layer of complexity that often requires the personal touch.

That’s why we work to provide legal and financial certainty wherever we can.

Whether you’re looking to create a will, trust or plan for your succession; buy or sell property, land, an estate or a business; negotiate a contract or plan for an exit; or deal with any number of family-related matters — we’re committed to you and your future.

As an independent, purpose-led and community-orientated law firm — with modern and welcoming offices in Lancashire, Liverpool, Manchester and Leeds — you can come and feel it for yourself.

Talk to our expert wealth protection solicitors today to safeguard your family’s financial future.