How can advisers help families with their intergenerational wealth strategies?

Traditionally, wealth has passed from one generation to the next upon death, but as life expectancy increases and society shifts, the generation known as the baby boomers (those born between 1946 and 1964) – many of whom are now reaching retirement – are the wealthiest generation in society. But they are finding themselves caught between elderly parents – many of whom need care – and adult children struggling with university debts, increased living costs and soaring house prices. So how do families ensure wealth is spread across generations, so it benefits everyone?

Money Marketing chief reporter Lois Vallely catches up with Quilter advisers Tracy Crookes and Heather Owen, to talk about how advisers can support families with their intergenerational wealth strategies.