FT Wealth Heirs of wealthy families may feel their inheritance is slipping from their grasp as the global financial downturn has wiped out a large slice of their parents’ estate. But for some people, falling asset prices can present an opportunity to pass on money more efficiently by minimising the tax bill for the next generation.
Financial advisers say a split is emerging in the attitudes of affluent clients. Some are rethinking plans to pass on assets to their children as sharp falls in equity and property markets have raised concerns about meeting the costs of their own lifestyles. But at the same time, some wealthier investors are jumping at the chance to give away assets now, while values are lower.
