Donate to Charity Using a Donor Advised Fund
Smart Giving, Powerful Results: Donor Advised Funds and Estate Plans are a Dynamic Duo Imagine a world where legacy isn't just a will and an estate plan tucked away in a drawer, but a living, [...]
Sudden Wealth Syndrome Doesn’t Affect Just Heirs. It Affects Financial Advisors’ AUM.
Transferring wealth is inevitable. Retaining it is not. Financial Advisors who build multigenerational relationships don’t protect just their clients’ legacies – they preserve their own books. Are your clients’ children at risk of “Sudden Wealth [...]
The $84 Trillion Shift: Generational Wealth Transfer and How Smart Financial Advisors Are Preserving AUM
Leveraging Donor Advised Funds (DAFs) to Curb the Generational Wealth Transfer Impact on AUM According to Forbes magazine, an estimated $84 trillion is set to change hands over the coming decades. Financial advisors face a [...]
Preparing Younger Generations for Wealth Inheritance with Donor Advised Funds
As families plan for the transfer of significant wealth to younger generations, ensuring that this transition is both smooth, meaningful, and successful becomes paramount. One effective strategy to prepare heirs for their future responsibilities while [...]
Determining Your Family Values
Discussing and agreeing upon the guiding values of your family is an important part in drafting your family mission statement, which can help determine the direction of your legacy for generations to come. By [...]
The Power and Impact of Women in Philanthropy
An Abstract from “Insights from the 2018 Study of High Net Worth Philanthropy1” Women are shifting the balance of values in communities, businesses, markets and philanthropy, their impact amplified by accelerating economic power and [...]
The Value of Family Philanthropy
Aligning your heirs around a guiding purpose for your family wealth and identifying philanthropic missions can help ensure successful wealth transfer for generations to come. By Phil Tobin This article is the second in [...]
A Donor Advised Fund Can Be the Glue That Keeps a Family Together
America is experiencing a growing interest in genealogy. There are even TV shows on the subject, and one common theme is that our memory and knowledge of family is fragile. We’re lucky if it [...]
Closing the Generational Gap with Family Philanthropy
A report published in 2012 by Pew Research Center shows that fully 50% of successful individuals worry that their children, or other heirs, do not have the proper financial skills to handle inherited wealth. [...]
Meaningful Philanthropy for Millennials
If your parents or grandparents have been involved in philanthropic giving for many years, they probably hope you and any siblings will continue to honor this family legacy once they’re gone. How will you [...]
Are Your Kids Suffering from Too Well Off Syndrome?
Are your kids suffering from too well off syndrome? If so, how do you turn things around? You, like so many successful individuals, have a nagging concern about teaching your children and grandchildren the [...]
Beyond Date Night – How Giving Can Bring Couples Closer Together
In today’s hyper-busy culture, many couples end up living almost separate lives during their first one or two decades together. This doesn’t mean they don’t have a close relationship, or that they never do [...]
Ten Questions to Help Families Navigate the Great Wealth Transfer
Read Phil Tobin's latest article published in Wealth & Management: Americans are currently experiencing the greatest transfer of wealth in history, and many may be unprepared to successfully navigate it. The statistics paint a picture: [...]
Why Some Wealth Transfers Succeed – and Others Fail
Sound asset stewardship and family unity each play a tremendous role in successful generational wealth transfer. Here’s why philanthropic giving can contribute to both of those goals. This article is the third in [...]
Getting Started with Your Family Mission Statement
A family mission statement is a critical part of successful wealth transfer, uniting all family members and heirs around a common, agreed-upon purpose – and it’s the foundation of your enduring legacy. This article [...]