Family wealth: How to transfer and preserve assets between generations

11 November 2026

The great wealth transfer is one of the most important topics of conversation for families – and is set to remain so for the foreseeable future.

With £7 trillion estimated to change hands over the next 30 years, we’re dedicated to helping you understand how to preserve and safely transfer your wealth across generations.

Supporting families and financial planners to navigate the great wealth transfer

Working hard to spread the message to UK families needing expert support and guidance, Andrew Day has featured in multiple news headlines and shared his knowledge with the financial planning community. 

Having recently presented to delegates at the CISI (Chartered Institute for Securities and Investment) 2026 Financial Planning Conference, Andrew has teamed up with Hart’s Accountants to share ideas and planning concepts directly with affected clients – and you’re invited.

The digital event will take place on Tuesday 8 December – keep an eye on your email inbox for your invitation. 

Executing a smooth handover requires careful preparation

To ensure family prosperity endures, transferring wealth across generations has always required careful planning, communication, and strategic thinking.

But now it’s more important than ever.

With an estimated £7 trillion expected to change hands in the UK during the next 30 years, and with UK pensions set to become subject to Inheritance Tax from April 2027, navigating complexities to execute a smooth and strategic handover requires careful preparation.

Indeed, delaying estate planning could cost the UK’s wealthiest families a collective £12.3 billion in “preventable” IHT. 

The Centre for Economics and Business Research found that starting estate planning at age 50 and making full use of appropriate tax-saving strategies could allow you to pass on an average of £397,000 more to your beneficiaries than you’d manage if you waited until age 70.

Discover learnings from some of the world’s wealthiest families

Using research from around the world about some of the wealthiest families and the concept of the “100-year financial plan”, Andrew will share financial planning concepts that could help you better understand all your options.

The webinar will include practical ideas that could make a difference to every generation, covering strategic planning, ensuring you have those all-important conversations early, and including your children (and potentially grandchildren) in decision-making.

Beyond wealth accumulation, it’s important to take steps to preserve the wealth you’ve built

As Andrew recently told Citywire, families tend to have:

• A wealth builder – the person who creates and grows wealth
• A wealth steward – the second generation that protects the wealth
• A wealth spender – typically the third generation.

While roughly 70% of family wealth is spent by the second generation, 90% of it is dissipated by the third.

So, passing on assets is only one challenge. The other equally important element is taking appropriate steps to preserve your family’s wealth.

Regardless of how much family wealth you have to transfer, long-term success depends on preparation, communication, and careful planning. And a large part of this is ensuring your heirs are prepared to receive their inheritance.

Here to help you preserve and safely transfer your family wealth

By taking a joined-up approach to your family’s financial planning, we gain a deeper understanding of your shared goals and values, ensuring we’re well placed to plan and account for everyone’s concerns and priorities. 

We’d be delighted to see you at the upcoming event on Tuesday 8 December.

If you prefer to speak to us directly and discuss your options when planning your family’s wealth transfer, please email [email protected] or call 0161 8080200.

Please note

This article is for general information only and does not constitute advice. The information is aimed at individuals only.

All information is correct at the time of writing and is subject to change in the future.

The Financial Conduct Authority does not regulate estate planning.