How Wealthy People Intelligently Gift Inheritances

When people think about estate planning, the focus is often on what happens after they’re gone. But for families with the capacity to do so, gifting during your lifetime can be a really meaningful option.
If you’re considering giving to children or grandchildren now rather than later, the key is making sure it doesn’t come at the expense of your own financial security. It’s important to run the numbers carefully so you’re not sacrificing a comfortable retirement by gifting too early or too much.
Gifting also doesn’t have to mean handing over a lump sum of money. For many families, it can look like creating shared experiences instead. That might be funding a family holiday, time away together, or opportunities that allow you to build memories while you’re still here to enjoy them.
Done well, lifetime gifting can be a win-win. You maintain your financial independence, your family benefits in meaningful ways, and you get to see the impact of your generosity firsthand.
General advice only. Based on Australian regulations.
Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).

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Advice Disclaimer || Any advice given by the presenter/s has been prepared without considering your individual objectives, financial situation or needs. So, before you act on the advice you should think about whether the advice suits your objectives, financial situation or needs. If the advice relates to acquiring a financial product you should obtain a copy of the Product Disclosure Statement for that product and consider it before making a decision. This presentation has been prepared by Consortium Private Wealth Pty Ltd (ABN 74 616 250 965) (AFSL 495401). If you require advice which takes into account your objectives, financial situation and needs you should speak to a financial adviser.

Robert Goudie (ASIC Reg 235974), Ashley Rowan (ASIC Reg 433899), Olivia Glare (ASIC Reg 1262290), Rachael Todman (ASIC Reg 1270413) & Amy Lehmann (ASIC Reg 1292710) are Authorised Representatives of Consortium Private Wealth Pty Ltd ABN 74 616 250 965 AFS Licence 495401.