Intergenerational Wealth
How to create, share and preserve it
A finance talk co-hosted by Montgomery Associates and South West Wills & Probate at the Hinton Workspace in Dorset
Thursday 27th February 2025
Intergenerational Wealth
In the post-Budget era, the task of preserving family wealth from one generation to the next presents new challenges. The goal posts have shifted and the rules have changed.
We discuss how you can navigate the new rules alongside existing allowances, ways you can save and invest, gift and protect the wealth you create, and how to help your children and grandchildren build a confident and responsible attitude towards money.
With financial and legal advisers on hand to answer your questions, this is a rare opportunity to learn about the creation of wealth and the intricacies of passing it on both during and after your lifetime.
This event is intended for grandparents, children and grandchildren alike regardless of age or financial literacy.
About the speakers
James Montgomery
James is the MD and second generation of Montgomery Associates, a 50-year family wealth management business specialising in investments and financial advice, managing £100 million for clients from offices near Bath and Shaftesbury.
Lisa Lane
Lisa is the MD of South West Wills & Probate in Dorset. She is a qualified Solicitor and has been practising since 2009 specialising in Wills, Lasting Powers of Attorney, Probate and Trusts.
What did we talk about?
We covered a whole range of topics at our Hinton finance talk; how wealth can be created through investing, invaluable financial habits, sharing your assets and gifting in a tax-efficient and meaningful way, and how families can preserve wealth for future generations to create a lasting legacy.
Revisit some of the content we showed in our presentation below and contact us to ask a question about your own circumstances.
If we mentioned a financial term you’re not familiar with, visit our Glossary for quick and easy definitions.
Tip of the Iceberg
Those who have spent decades saving and investing, building their business and making tough choices to preserve their assets along the way are now faced with a new challenge: how to make the most of their wealth both during and after their lifetime all while navigating a new set of rules following the Autumn 2024 budget.
Knowing what to look out for and having good advisers you can trust by your side is vital.
Golden Rules
Having invested for clients and advised multi-generational families for more than 50 years, we at Montgomery Associates have become well-versed in the pitfalls to look out for and how to handle the delicate topic of family finances.
Don’t expect a penny - instead of waiting for something to happen make sure you get your own finances in order; a job you enjoy, saving regularly, keep a rainy day fund for emergencies, use your ISA allowance and consider contributing to a pension are all worthwhile financial habits.
Make hay while the sun shines - if you are lucky enough to receive a gift, make it count. Before you spend it, consider what the gift could be used for and how you could make your money work for you. Interest rates and investment returns can vary over time, so think carefully about your attitude to risk. Always seek professional advice if you are unsure.
Sleep at night - if you are battling a financial dilemma don’t let it keep you up at night. Get advice, share the problem and research possible solutions. There are plenty of resources available online.
It’s good to talk - we have seen families benefitting hugely when children and grandchildren are included in financial discussions. Talking about your finances together can help to educate those with less experience and create an atmosphere of trust. Most importantly this can be a key step in helping to share and preserve wealth from generation to generation.
Play the long game - if you are thinking of investing, remember that all investments carry a degree of risk and you may not receive back all of your initial investment. Consider your time horizon when putting your capital at risk by investing. Are you prepared to leave your money invested for five years, ten years, or longer? Compounding is one of the most powerful ways of growing your wealth over the long term.
Montgomery Wealth
Coming in 2025: forward-thinking investments and practical advice.
Dedicated to young clients building their career, growing a business, climbing the property ladder or raising their family.
Disclaimer
The Hinton presentation, its content, this web page, and other web pages on www.MontgomeryAssociates.co.uk or www.MontgomeryWealth.co.uk does not constitute an offer or invitation in respect of investments described, nor should it be interpreted as advice or a recommendation. You should contact your financial adviser or accountant for advice relating to your circumstances. The opinions and information in the presentation have been prepared from sources believed to be reliable at the time and are given in good faith. The value of an investment and any income from it can fall as well as rise and you may not get back the amount you originally invested. Past performance is not a guide to future performance.