Tips for Creating an Inheritance that Lasts Generations
Preparing your heirs for sudden wealth can help prevent unwise spending.
1 min read
Consider taking advantage of a trust.
Trusts can help eliminate some of the guesesing game of where money might end up, while allowing you to dictate ho wand when your assets are distributed after you die.
Connect through philanthropy.
When a philanthropic mission is shared among your family, it provides a forum for communication and sharpened decision-making in a situation wherte the money is going to others and there is no personal interest at stake.
Talk to your heirs about your vision.
Consider sharing history, values and a vision for the future of your family. With a common purpose and shared story, your family stands a better chance of preserving assets for future generations.
Leverage a professional’s perspective
Creating a lasting legacy is neither easy nor impossible – the difficulty lies in the details. Finding the tools and resources that will benefit your family and situation can help make the difference between a squandered fortune and an inheritance that lasts generations.