Abstract
Australia is entering the largest intergenerational wealth transfer in its history, with an estimated $3.5 trillion expected to pass between generations over the coming decades. While significant attention has been given to estate planning structures, far less focus has been placed on whether beneficiaries are prepared (financially, emotionally, and practically) to receive and steward inherited wealth. This article introduces the concept of inheritance readiness, examines the limitations of traditional estate planning approaches, and explores the evolving role of financial advisers in preparing the next generation. It also considers how investment bonds may be used as part of a structured, staged, and values aligned approach to intergenerational wealth transfer. The article concludes with practical steps advisers can apply when working with families across generations.
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Are Your Client’s Kids (or Grandkids) Ready for Their Inheritance?
