Estate Planning

I recently presented at a webinar which explored intergenerational wealth transfer and the importance of estate planning to ensure a smooth transition of wealth. The webinar included presentations by a couple of trusted partners from MGI South Qld and Mullins Lawyers and I've included their input too.

Without robust family governance, even carefully structured estates and trusts can be undermined by confusion, conflict or lack of engagement. Governance is the invisible architecture that supports intergenerational trust, shared purpose and clarity of roles.

As Australia's largest intergenerational wealth transfer in history unfolds (forecasted to exceed $3.5 trillion by 2050), dubbed the Great Wealth Transfer, families with substantial wealth face a new, more nuanced challenge: how to emotionally and psychologically prepare the next generation to receive and manage it?