When to gift the inheritance

Is there a right or wrong time to gift your children the inheritance?

It is a complex question and emotional financial decision-making can result in unnecessary risk.

With soaring house prices and interest rate uncertainty, the temptation to go early and help the next generation enter the property market is tempting.

While there are benefits to gifting an inheritance while you are still alive, waying up the pros and cons is important before making a decision that affects your children and, more importantly, your standard of living.

Gifting an inheritance early has obvious immediate benefits to your children and, quite likely, yourself as well. It will undoubtedly help them enter the property market, get them off your couch, and help them to begin living independently.

But there are financial considerations for your circumstances.

We are living longer and retirement lifestyle and length have changed dramatically over the past four or five decades.

There are significant financial expenses in retirement.

North Advisory is a specialist financial advisor and wealth management service.

We have the expertise to provide the most beneficial financial advice for individuals looking at estate planning and how to maximise their superannuation for inherited wealth or inheritance gifting.

We access the latest information, regulations and legal knowledge to ensure you can protect yourself and have the necessary information to make informed and calculated financial decisions for you and your beneficiaries.