Nearest and dearest

Nearest and dearest

Whilst topics such as sex, religion and politics have made their way to the dinner table, money is still a taboo subject for us Brits.

However, in these times of spiralling living costs and rising taxes, many families are having to make stressful financial decisions which could be prevented.

In the UK, 92% of people rated “asking to borrow money” as the financial topic that makes them feel most uncomfortable (TotallyMoney). It’s no surprise, therefore, that it is often a lack of conversation that throws up barriers to supporting loved ones. We find time and time again that these barriers lead to poor outcomes for everyone involved and valuable opportunities being missed.

Every family is different. However, our Nearest and dearest masterclass series shares our experience from three decades of working with over a thousand families and explores how we and our clients have navigated common concerns such as spoiling children, giving too much too soon, treating everyone fairly and keeping wealth within the family.

We will focus on how best to help financially with important life challenges such as childcare, mortgages, private education and university fees by ensuring you can get the right money to the right people, at the right time by having courageous conversations.

Our expert financial planner will also present new ideas on how to turbocharge your gifting to reduce inheritance tax, protect your gifts against divorce, and create your own family principality.

Due to the wide-ranging topic, this masterclass is presented in two parts with the second part to follow in the coming months.

In part one, Ben will talk you through the many barriers that can stand in the way of even the most logical and rational intergenerational strategy and how to overcome them.

Part two will focus on making sure the right people receive the right amounts at the right time. Ben will share strategies and opportunities that can have a huge impact on those closest to us, with the potential to bring about life-changing outcomes.

Itinerary

Arrival, food and drink – 30 mins

Masterclass – 1 hour 30 mins

Finish