This is something Potter Financial Partners is very passionate about.  We feel we can’t offer you the best level of advice unless we understand yours and your families long term financial goals.

Generational wealth planning is when different generations of the same family come together and plan their shared financial future. 

Building generational wealth and passing it down could have a tremendous impact on your financial future and provide a high level of economic security. Boosting the financial wellness of parents, children, grandchildren and other family members can be very satisfying.  With the willingness to share details of savings and investments, pensions, property and business interests, different generations can create and preserve wealth much more effectively than family members can do so alone.

One great way of passing on wealth to younger generations is by making use of our Inheritance Tax planning service and making use of tax exemptions.  In recent years, more and more estates are becoming subject to Inheritance Tax.  It’s also wise to regularly review these plans as tax rules change and you may need to adjust your plans in the future.