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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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? 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 [...]
