Intentional Inheritance Planning

For many families, discussing wealth transfer and inheritance issues can be challenging. Fear of demotivating heirs can cause wealth holders to withhold vital information. But the rewards can prove significant when family members work together to overcome their fear by improving communications and strengthening trust. While every family is unique, there are some best practices among families who have decided that having an inheritance plan—including responsible ownership education—is better than no plan at all. By taking a considered, methodical approach, family members and their advisors can lay a foundation for lifelong learning that enables them to preserve and grow their wealth for today’s generation and those to come.