Older Americans Stockpiled a Record $35 Trillion. The Time Has Come to Give It Away. Transfers to heirs and others are unleashing a torrent of economic activity, including buying homes, starting businesses and giving to charity By Ben Eisen and Anne Tergesen Featured in the July 2, 2021, WSJ. “The
Institute for Preparing Heirs featured in Financial Times article by Emma Jacobs. From the article: This can be complicated by financial advisers who are uncomfortable around family tensions and ill-equipped to help, said Diane Doolin, co-founder of the Institute for Preparing Heirs, which trains advisers. It is important to start
Ignoring personal items as a part of the estate planning process can be costly, both financially and emotionally. Not all client families own celebrity art or rare collections. But most families have personal items, regardless of financial value, with special meaning to individual family members, or the family as a
Should financial advisors lead the meetings, suggest a skilled facilitator or leave it up to the family? Meeting as a family to talk about the meaning and purpose for family wealth is a wonderful way for families to grow closer and prepare for wealth transfer. For financial advisors, suggesting family
Practical Tools to Inspire Client Wealth Conversations Pilots use them; doctors use them; why not trusted financial advisors? Checklists are powerful and practical tools for moving the client conversation from maximizing investments and minimizing taxes to what’s important to the client’s children, grandchildren and others held dear—their goals and passions—today
We know that trillions of dollars in family wealth is currently being transferred to the inheriting generations. Keeping the inheriting generations while attracting new HNW families from competitors who have not prepared to retain them is imperative to the growth and longevity of the wealth advisor’s business—whether you are Registered
3 Steps to Building Stronger Client Family RelationshipsExperience tells us that if a meaningful connection has not been made with your client’s kids, before inheritance comes into view, odds are they’ll find a new financial advisor. As a trusted advisor, your good work to prepare the assets for transfer is
Great article in today’s WSJ about the important link between family values and the purpose for family wealth. Read article At the Institute for Preparing Heirs, we are keenly aware of how advisors who have training and tools are helping client families have these important conversations and the impact on
In extraordinary times, advisors need a new skill set to keep the inheriting generation. Learn more
Lisa D. Snyder presented “Legacy & Impact — Helping Clients Take Care of The People & Causes They Love” to members of the Private Wealth Management Group of the CFA Society of NYC. According to Lisa, “Legacy and impact are not optional. If families want to thrive for generations to
You’ll receive a copy of our white paper, “Advice Beyond The Money: Preparing Families to Prosper & Thrive For Generations,” & our Client Family Tree tool for your next client meeting.