July 26, 2016
Feeling unadvised? When receiving an inheritance, just 22% of investors felt like they were guided through the process. Clearly, there is a need for advisors to offer more support as part of the wealth transfer process. This means getting involved in the conversations earlier, so that the emotional and mechanical components of succession can be fully explained before inheritance happens.
This is critical, given that just 36% of inheritors felt like the process was designed with their interests in mind, and just a third believed they had the right level of financial education to deal with the inheritance.
Without effective support, HNWIs are being left to navigate the difficult and often emotional process of succession independently.
Interested in learning more?
Click through to our SlideShare, below, for more information on the ways in which life assurance can be used as a wealth transfer mechanism.