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Our Global Elite Breakfast Briefing on the 4th March 2020 at Home House, London was kindly hosted by Nicholas Harries, Partner at Macfarlanes, who also heads up the charity and probate practices. In conjunction with this, Harries posed the topic ‘philanthropy and the next generation – innovation and impact.

The topic, as introduced, encapsulates a lot. It is not just the consideration of philanthropy by clients, but more about the differences in attitudes between generations towards philanthropy . When the younger generations gain wealth it is becoming the norm for them to agonise over how to steward it responsibly. The topic also begs the question, of what philanthropy is in a wider sense; with elements like ESG and responsible investing; does it in fact challenge what private clients have been trained to handle, as legal advisors ?

First, why are shifts occurring in inter-generational wealth planning?

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Amy Glover

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