Generational Wealth Planning

Among the values we find shared by affluent investors is the desire for preservation of their wealth as a way to impact things larger than themselves. They want to pass on those values, enriched by their own experience as wisdom to their heirs. One of the greatest risks to their legacy is often the financial inexperience of their heirs. Studies show that 90% of first generation wealth fails to reach the third generation — ‘Shirt Sleeves to Shirt Sleeves’ in three generations. Providing financial education for children and grandchildren is a critical piece we include for their peace of mind in fulfilling their family wealth management intentions.

Some of the questions these services address are:

  • Do we have a plan that will link our generations, passing down our values and life lessons as well as our financial wealth?
  • Do we have a plan for communicating the importance and use of our family’s human, intellectual, financial and social capital?
  • Are our children and grandchildren competent to handle our assets after our deaths?
  • What, if any areas of financial education do our children and grandchildren need?