PREPARING FOR THE GREAT
WEALTH TRANSFER
By Sarah Murphy Partner, Brabners
The UK will see £5.5tn in assets passed down between now and 2050.
This startling figure — dubbed ‘the great wealth transfer’ — could mean that disputes become more common unless steps are taken by individuals and families to discuss and action the legal protections that can be put in place.
The last thing you want is for your hard-earned assets to be depleted by inheritance tax or attempting to resolve an issue.
That’s why we recommend an approach which may include wills and trusts — and where appropriate, a pre-nup or post-nup — to protect your assets.
All planning tools should be regularly reviewed and updated during major life changes such as cohabitation, marriage, separation, divorce, having children or changing financial circumstances.
Life’s journey is full of unknowns — and while every set of circumstances is unique, wealth can add a further layer of complexity that often requires the personal touch.
That’s why we work to provide legal and financial certainty wherever we can.
Whether you’re looking to create a will, trust or plan for your succession; buy or sell property, land, an estate or a business; negotiate a contract or plan for an exit; or deal with any number of family-related matters — we’re committed to you and your future.
As an independent, purpose-led and community-orientated law firm — with modern and welcoming offices in Lancashire, Liverpool, Manchester and Leeds — you can come and feel it for yourself.
Talk to our expert wealth protection solicitors today to safeguard your family’s financial future.
WHAT COULD INVESTMENT
BRING IN 2024? By Antony Keen
Partner, PM+M Financial Planning
2024 has seen a very different start to the previous year, with expectations for interest rates and inflation to fall rather than rise.
The expected returns on cash and fixed interest (Corporate Bonds/Government Bonds) are therefore higher than last year, however equity expectations have marginally fallen.
Stable interest rates and inflation could provide a platform for reasonable equity growth.
With interest rates higher in the UK than other developed countries, UK bonds have become more attractive than overseas bonds and this has the impact of reducing currency risk within portfolios too.
US equities saw phenomenal returns during 2023 (and before that), notably from the seven large technology stocks.
This could be an opportunity to
take profits and move allocations to equities that have lower valuation points, for example Europe and Japan which also offer exposure to very different types of industry and companies.
Markets are dynamic and therefore proactive portfolio management can be advantageous. It presents an opportunity to react quickly and implement changes which either help manage risk or look to improve returns.
Although tactical changes are important, we believe that an overall diverse strategy is essential to help manage volatility and focus on long term returns.
Please get in touch if you would like to discuss your investments in more detail.
The value of investments can fall as well as rise. You may not get back what you invest. The information contained within this article is for guidance only and does not constitute advice, which should be sought before taking any action or inaction.
HELPING YOUR MONEY ACHIEVE MORE
Investments Lifetime cashflow planning Business and personal protection Pensions Court of Protection advisory Tax and estate planning
Get in touch today: 01254 679131
financialplanning@pmm.co.uk www.pmm.co.uk
PM&M Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority
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MANAGING WEALTH
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