Multi generational estate planning

Passing family properties from generation to generation requires careful planning. If parents give a family business or asset to their child and the child marries, only to get divorced later, the family business or assets may be divided. Similarly if a child is particularly careless with the assets, there may be nothing left for future generations. Estate planning is the best means to protect the estate or business from volatile family relationships and financial circumstances such as bankruptcy or to pay creditors or legal costs.

Multi generational Estate Plans aim to look after the family’s long-term capital preservation requirements and ensure that your assets will be passed to future generations continuing your family wealth or business. The Wills and Estates team at Turner Freeman can advise you on what sort of plan best suits your wishes and circumstances.