There is enough combined knowledge for each successive generation never to worry about money due to the law of compounding, so where has all the generational money gone? It is commonplace to wish to leave your estate, whatever size, to your spouse and or children. There is now, however, the complexity of divorce and blended families and children also not capable of administering an estate. Estate Planning involves much more than having an up to date will. It is important to ensure that when thinking of who shall receive your wealth, your assets are distributed in the most effective manner and without adverse tax consequences for your beneficiaries.
Who should inherit my wealth?