Intergenerational Estate Planning

Family business owners and families of wealth expect to pass their wealth to their heirs in the right way, minimizing estate taxes while hoping for family harmony.

A planning reality check usually shows a far different outcome. Assets are not titled effectively or the timing and manner of transfer are flawed. No communication has taken place between generations. Asset growth creates tax consequences that will undermine transfer and even force asset sales. Philanthropic ideals built on "what's left over" aren't met. IRS estate taxes are still looming large and assets are not as protected as families may think.

Many of these planning oversights are easily solvable—but there is still something missing – family harmony, passing on the family values that have had such an impact on our lives.

  • Family harmony is guaranteed only by the transfer of shared family values, not by the value of assets to the family.
  • No matter how many zeros are involved, financial security depends on financial maturity (of all generations).
  • A family must realize that the actions of the individual family members, not what they own, determine the success or failure in preserving family wealth.

What most estate plans are missing is a family value based stewardship plan—a plan to assure the responsibility, oversight, stewardship and guardianship of family assets, family values, and family harmony.

Our family wealth counseling process melds into one a life plan, a stewardship plan, a wealth transfer plan, and philanthropy plan to achieve financial security and family harmony for generations—on your terms.

Wealth Transfer Questions and Resources