More women are choosing to pass their wealth to their children first
Welcome to #272 weekly newsletter from The Purse.
Why it matters:
Women are increasingly prioritising their children when planning the transfer of their wealth, reshaping traditional inheritance models. Yet, many still lack formal structures to ensure their wishes are carried out. While this trend is most visible among high-net-worth (HNW) women, it is equally relevant for those earning an average income. Without proper estate planning, assets—whether property, savings, or pensions—may not be distributed as intended, leaving children financially vulnerable.
The data:
45% of HNW women prioritise their children in wealth succession planning vs. 33% of men.
Only 17% of women prioritise their spouse, compared to 37% of men.
57% of women have a will in place—yet one in seven HNW individuals have no formal plans at all.79% of women seek financial advice, yet many still lack key planning tools like trusts and Lasting Power of Attorney.
For the average earner: 54% of UK adults do not have a will, with women less likely than men to have one in place.
The shift in priorities
Historically, wealth was passed from husband to wife, but today’s financially independent women are redefining legacy planning.
For many, ensuring their children’s security and financial future outweighs traditional models where the spouse was the primary beneficiary.
This shift is not just about those with large estates—single mothers, divorced women, and working professionals all need to consider how their financial assets, pensions, and even life insurance policies will be allocated.
Mia Kahrimanovic, Financial Planner at Charles Stanley, explains:
“Circumstances can change in a heartbeat, so it’s surprising to see that one-in-five (19%) have not spoken to a financial adviser. Women need clear plans to secure their financial future and ensure wealth is passed on in the way they intend.”
What this means for women—at all income levels
Intentions vs. Action: While many women prioritise their children, a gap remains in formalising these plans. Without a will, intestacy laws apply, which may not reflect a mother’s wishes.
The Power of Advice: Women engage with financial advisers less than men (79% vs. 90%), yet advice is critical—even for those with modest assets. Workplace pensions, property, and savings need structured planning.
The Legacy Factor: Women control a rising share of global wealth. Whether passing on a home, savings, or an investment portfolio, structured estate planning ensures financial security for the next generation.
The takeaway:
Women are leading a shift in wealth transfer priorities, ensuring their children—not necessarily their spouses—inherit their assets. However, this shift must be supported by formal estate planning to prevent legal complications and ensure financial stability.
Next Steps: If you haven’t already, speak with a financial adviser about estate planning tools like wills, trusts, and powers of attorney.
Even simple steps—such as designating beneficiaries on pensions or life insurance policies—can ensure your wealth is distributed according to your wishes.
We’d love to hear from you. Get in touch with Jana via the The Purse website or tweet @jointhepurse and janicka. We do no provide investment advice. Please do your own research or speak to a financial adviser.
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