Australia is indeed a fortunate country with great wealth and a relatively small population to divide it amongst. 

Choosing how to pass on one’s lifetime accumulation of assets, memories and values is one of the single most important decisions most of us make, and how we do it has the potential to reshape our country. The fact that we usually only make this decision a few times during our life, often years before it is enacted and for most as an automatic equal division between the children, suggests that there is room for doing it a better way.  Multiply this by the dramatically ageing population and their increasing wealth and it highlights the need for this closer examination of inheritance in Australia.

In this session John McLeod, author of The Bequest Report, starts by looking at the changing demographics of Australia, its wealth, and transfer timing and value compared to other countries.  John and Kim will then examine the inheritance decisions in front of this growing cohort, both what happens currently, what other options exist and the benefits of some deeper planning.  We then look at the current and potential for the for-purpose sector and offer thoughts on growing charitable giving amidst this intergenerational transfer.