Across Western Australia, families are quietly preparing for one of the most significant financial transitions in history.
Over the next decade, an estimated $3.5 trillion[1] will be passed from one generation to the next across Australia. For many, this transfer of wealth will be lifechanging. But it also brings questions – about what to do, who to trust, and how to honour the legacy that’s been left behind.
Inheritance is never just about money; it’s about family, values, and the future. And when the moment comes, having the right advice can make all the difference.
The changing face of inheritance
One of the most notable shifts in inheritance today is who’s receiving it. Women are now expected to inherit the majority of Australia’s wealth over the coming years. This reflects broader social changes – longer life expectancy, evolving family structures, and a growing role in financial decision-making.
For many women, this may be the first time they manage significant assets independently. And while the responsibility can feel daunting, it’s also an opportunity to take control and make decisions that reflect personal values and long-term goals.
Laura Bosman, a senior financial adviser at Perpetual Private in Perth, sees this change every day.
“We’re working with more women who are stepping into financial leadership roles within their families,” she said. “They’re thoughtful, engaged, and want to make decisions that support their children, their communities, and their own futures.”
A time of transition and possibility
Inheritance often arrives at a time of emotional upheaval. The loss of a loved one can bring up grief, uncertainty, and a sense of responsibility. But it can also be a moment to pause, reflect, and consider what comes next.
For many Western Australians, inheritance is a chance to make meaningful choices – whether that’s securing retirement, supporting children, investing in property, or giving back to causes that matter. It’s a time to think about what’s possible, not just what’s practical.
Sandra Kent, a senior financial adviser at Perpetual Private in Perth, has recently established an endowment for a client who wants to ensure that the causes she donates to will be supported in perpetuity so her generosity lives on through a gift to others.
Ms Kent explained that with the establishment of an endowment, her client now has an alternative option to donating a one-off lump sum and is more structured and strategic in her giving.
It’s giving that extends her impact long after she’s gone, and serves as a philanthropy focal point for her family. It’s also giving that offers meaningful ongoing support to the causes she and her family choose.
Navigating complexity with confidence
While inheritance can open doors, it also brings complexity. Tax implications, legal structures, and financial planning all play a role – and the decisions made early on can have lasting consequences.
Rob Durey, director of Durey Legal, regularly highlights the importance of early advice.
“We often see families caught off guard by the legal intricacies of inheritance,” he said. “Working with experienced financial advisers ensures that legal and financial strategies are aligned, and that families avoid unnecessary stress or costly mistakes.”
Tjay Ratnawardana, senior financial adviser at Perpetual Private in Perth explained: “We help clients take a breath and look at the bigger picture. What do they want their wealth to accomplish? What legacy do they want to leave behind? It’s about making decisions with confidence and clarity. We do this in partnership with clients’ key and trusted advisers in law and accounting.”
Perpetual’s advisers work closely with legal professionals to ensure every aspect of the inheritance journey is considered. From understanding capital gains tax to managing inherited property or establishing trusts, we bring clarity to complexity.
Making the most of what’s been left
Receiving an inheritance is a rare opportunity – but without a plan, it can quickly become overwhelming. That’s why thoughtful advice matters. It’s not just about preserving wealth – it’s about using it to build something meaningful.
Whether it’s investing for long-term growth, supporting family members, or creating a philanthropic legacy, Perpetual Private helps clients define their goals and build strategies that reflect their values.
Tjay Ratnawardana added: “We encourage clients to think beyond the immediate. What does this wealth allow them to do - not just today, but in five, ten, twenty years? That’s where real peace of mind comes from.”
A conversation worth having
According to Tania Cecconi, Perpetual Private’s lead partner WA, inheritance is a “deeply personal” moment. “It’s about honouring the past while shaping the future. And in Western Australia, where family, community and legacy matter deeply, it’s a conversation worth having,” she said.
“We offer more than financial advice. We offer partnership, integrity, and the experience to guide you through life’s most important transitions. Whether you’re preparing for an inheritance or navigating one now, our advisers are here to help.
Let’s talk. Because with the right advice, inheritance isn’t just about what you receive – it’s about what you create.”
The commentary in this article is general information only and is not intended to influence a person’s decisions about investing or financial products. Readers should always seek their own professional advice that takes into account their own personal circumstances before making any financial decisions.
[1] Seer Data estimated of intergenerational wealth transfer, derived from 2016 ABS data
