It’s time to talk about passing down wealth
If you’re unsure about talking about wealth transfer with your loved ones, you’re not alone. However, the benefits of having these discussions early and often can have profound effects down the road. Your advisor has the knowledge and patience to make the process easier for everyone involved.
Make a plan
You already understand the importance of having a dedicated advisor and a strategy to your goals and needs. The same goes for a wealth transfer plan. In fact, one of the biggest mistakes is not having one. Here are some key takeaways from our podcast on the Great Wealth Transfer.
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A good time to start
As your children are beginning their careers, they’re focused on finances and interested in your approach.
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Keep talking
As your children get older, these conversations can give them a better grasp of your values as their own evolve.
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Consider everyone
Every family member may have different values and expectations. And there’s more than one way to approach your assets.
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Set up for success
Make sure your heirs have the financial literacy to make basic to complex financial decisions.
To start making a plan, your advisor can assist by:
- Helping prioritize your needs and goals
- Understanding your family’s unique situation
- Preparing you for the conversation
- Teaching the next generation about finances
Contact your advisor.
As always, your advisor has the resources and knowledge to make navigating tough topics easier. Reach out when you’re ready.
