Navigating the Great Wealth Transfer

Navigating the Great Wealth Transfer

The next two to three decades will witness an unprecedented transfer of wealth from Baby Boomers to younger generations. This shift, often referred to as the “Great Wealth Transfer,” presents significant opportunities for individuals and families to secure their financial future. Understanding the dynamics of this transfer and seeking expert advice can ensure your wealth is managed and passed down according to your wishes.

The Scope of the Wealth Transfer

Baby Boomers, born between the 1940s and early 1960s, hold a substantial portion of the UK’s wealth, estimated to exceed £5 trillion. This wealth is primarily concentrated in real estate, shareholdings, and cash accounts. As this generation ages, a considerable amount of wealth will be passed down to Millennials (born 1980-1996) and Generation X (born 1965-1980).

How Conwy Wills and Trusts Can Assist You

We at Conwy Wills and Trusts are dedicated to facilitating this transfer efficiently and in accordance with your wishes. Despite the inevitability of taxes and fiscal policies affecting the transfer, our strategic planning services can help mitigate these impacts.

Understanding Your Needs

Baby Boomers:

  • Approximately 30% of Baby Boomers do not have a will. This is crucial to address to ensure your assets are distributed as you intend.
  • While many Baby Boomers prefer face-to-face interactions and we are able to facilitate that for our local clients, we also offer digital communication options for your convenience.
  • We can help build and nurture your estate planning needs, ensuring all aspects are covered.

Generation X:

  • Around 40% of Generation X do not have a will. As you approach your peak earning years and start planning for your own retirements, professional estate planning advice is crucial.
  • Being highly digital-savvy, you’ll appreciate our digital services and social media engagement.
  • We adapt to your preferences, ensuring a smooth and efficient planning process.


  • Shockingly, about 75% of Millennials do not have a will. If you’re in your 30s and 40s, inheriting wealth, or managing assets, now is the time to consider estate planning.
  • With many Millennials having children and property, comprehensive estate planning, including setting up Lasting Powers of Attorney (LPAs), is essential.
  • We offer seamless digital interactions to cater to your busy lifestyle.

Our Strategies to Serve You Better

Strengthening Relationships: We collaborate with Independent Financial Advisors (IFAs) to provide comprehensive financial and estate planning services, offering you integrated solutions.

Educational Initiatives: We conduct seminars and webinars to educate you about the importance of estate planning. These sessions address specific concerns of different generations, enhancing their effectiveness.

Client Referrals: We encourage satisfied clients to refer their family members, particularly younger generations who might not yet have considered estate planning. We offer incentives for referrals to make this process rewarding for you.

Continuous Adaptation: We stay updated with the latest technological advancements and regulatory changes, ensuring our services remain relevant and compliant with current laws.


The Great Wealth Transfer is not just a significant event but a tremendous opportunity for you to secure your financial future. By understanding the unique needs and preferences of Baby Boomers, Generation X, and Millennials, we at Conwy Wills and Trusts can provide tailored services that ensure smooth and efficient wealth transfer. Embracing digital strategies, strengthening professional relationships, and educating you about estate planning are key steps in capitalising on this opportunity.

For professional estate planning services tailored to your needs, contact Conwy Wills and Trusts. Our expert advisors are equipped to guide you through every step of the wealth transfer process, ensuring your legacy is preserved for future generations.

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