Family Wealth from a Big Picture Perspective

The process of developing long-term strategies to manage family wealth requires careful thought and well-coordinated tactics focused on achieving far-reaching wealth planning objectives.

All too often, plans are established that are focused primarily on minimizing the tax burden. Individuals and families need to be careful that the tax “tail” isn’t wagging the wealth planning “dog.” Decisions that appear to generate favorable results from a tax perspective may not always be aligned with your broader legacy goals.

No matter the value of your estate, chances are your goals center on managing and passing on wealth in the most prudent manner possible. Therefore, the strategies you put in place should be created with those objectives in mind. It is important to consider multiple filters and view your legacy plan through different lenses, with tax considerations one of many.