A Guide to Inheritance Tax Planning and Passing on Wealth

Welcome to the Guide to Inheritance
Tax Planning and Passing on
Wealth. Planning for the future
isn't just about providing for yourself and
your family. It's also about protecting and
preserving your legacy, so that your life lessons
and values live on.
The saying 'rags to rags in three generations'
has been used for many years to describe
the consequences of wealth-hoarding. The
concept is that family wealth does not often
survive for more than three generations, with
generation one making the money, generation
two spending it and generation three seeing
none of it.
Some families who are unable to pass down
their hard-earned wealth leave each generation
needing to start from scratch. This saying serves
as an important reminder that while we all need
to work hard and aim high, we should also
strive to maintain financial security at all times