Most inheritances don't survive three generations Here's how to change that

Most inheritances don’t survive three generations. Here’s how to change that.
If your goal is to leave a legacy that lasts beyond your own lifetime, it takes more than simply passing down assets. It requires structure, clarity and early planning.
Start with a well-written will and make sure it reflects what you actually want to happen. For many families, a testamentary trust is a smart option. It allows wealth to be passed on at the right time, to the right beneficiaries, and with protection around how and when it’s accessed. This is especially important if you want children or grandchildren to inherit when they’re mature enough to manage money responsibly.
If leaving a legacy isn’t a major goal and you simply want to enjoy your life and spend what you’ve earned, that’s perfectly valid too. Whatever is left - usually the home and any remaining assets - will naturally pass to the next generation.
But if generational wealth matters to you, the key is planning well in advance, setting up the right structures and making sure everything is documented properly.
#finance #australianfinance #wealthplanning #estateplanning #financialadvice

----------------------------------------------------------------

More Freebies you should check out

Ebooks, Online Courses, Video Blogs, Podcasts | Free resources covering a range of financial fundamentals to build your knowledge*

https://www.consortiumpw.com.au/elearning/

*Follow us on our social media *

Website: https://www.consortiumpw.com.au/
Instagram: https://www.instagram.com/consortiumprivatewealth/
Facebook Page: https://www.facebook.com/consortiumpw
TikTok: https://www.tiktok.com/@rob_goudie

To contact us directly please email info@consortiumpw.com.au or call 03 5382 3460. We're here to help!

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.