Inheritance Tax Planning and Passing on Wealth | DM Financial Planning

Welcome to the Guide to Inheritance Tax Planning and Passing on Wealth. Financial 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 lessonsand 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.