Baby boomers, Australia’s richest generation, are expected to hand over $3.5 trillion to younger generations over the coming decades, largely via inheritance.
The great wealth transfer is going to make an enormous impact in the coming years by reordering the wealth distribution in society prompting discussions about the ethical dilemmas surrounding inherited wealth.
Whenever ABC Radio Perth reports on the pressure points in WA — succession planning, complex family dynamics and wealth transferring tips — listeners want to know how to manage their wealth transfer even for modest amounts of money.
In this lively panel discussion we got a better understanding of the issue from the experts, hosted by Nadia Mitsopoulos on ABC Radio Perth.
On the panel:
- Nick Bruining, Independent Financial Planner and founder of Netplan
- Gavin Hegney, Property Analyst, Valuer and Commentator
- Phil George, representative Euroz Hartleys
- Morgan Solomon, Director of Solomon Hollett Laywers