Intergenerational Family Wealth Planning

“It takes a noble person to plant a seed for a tree that will someday give shade to people they may never meet.”

– David E. Trueblood

Family wealth planning goes beyond estate planning. It is about creating important opportunities for your family’s future.

  1. Establish long-term objectives for your wealth
  2. Define and share your values with the next generation
  3. Prepare your heirs to intelligently manage their future inheritance, preserve it and grow it
  4. Ensure you remain financially independent while accomplishing all your legacy goals in a tax-efficient manner

Providing Heirs with a Secure Financial Future

Do you wish to provide your heirs with a secure financial future, but don’t know the best way to do so? Perhaps you want to prepare them for what they’ll receive without revealing your current finances or even their actual inheritance amount for fear of compromising their work ethic? Are you concerned that you’ll overcommit your assets and not have enough for your own retirement?

We understand these concerns, the complicated dynamics of family relationships, and the importance of planning. Access Wealth’s Intergenerational Family Wealth Planning services help you to do the following:

  • Weigh the pros and cons of lifetime gifting (gifting while you are still alive) vs. leaving an inheritance after your passing.
  • Decide how much you wish to leave each heir and assess the value of setting up trusts.
  • Define and communicate your ongoing philanthropic goals.
  • Educate family members about their options and opportunities, as well as your wishes.
  • Establish if you expect any of your heirs to maintain certain responsibilities (such as being a trustee or maintaining a role in the family business) and if their inheritance is dependent upon this.

We can help you figure out the best way to have these conversations with your family. Implemented strategically, family wealth planning can overcome conflict, protect your heirs and assets, and ensure your wishes are carried out.

  • We invite your further inquiry, and look forward to welcoming you as a client.

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