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Generational Wealth Planning

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What Is Generational Wealth Planning?

As the Book of Proverbs tells us, “A good man leaves an inheritance to his children’s children.” You’ve worked hard, spending much of your life building and sacrificing to provide for those you love most. Now, it’s time to make sure that there’s a plan in place for the legacy you’ll leave.

The Importance of Generational Wealth Planning

 You may have heard stories about famous people who died without a will, that is, intestate - for example, Prince, Jimi Hendrix, or “Sonny” Bono. The legal battles that followed were epic, both in magnitude and cost. Generational Wealth Planning starts with a well-written will, but then typically goes further, making sure that the right vehicles are in place to ensure a smooth transfer of wealth to the people or institutions you care about. This can be particularly important if you have assets in multiple states, as it can add to both the complexity and cost of the probate process if left unaddressed. You’ve worked hard, spending much of your life thus far building and sacrificing to provide for those you love most. Now, it’s time to make sure that there’s a plan in place for the legacy you’ll leave.

Strategies to Reduce or Eliminate your Estate Tax Liability  

How the Right Trust Can Help you Pursue your Goals 

Leaving a Legacy to your Loved Ones, not the IRS

Ask Us Your Questions

We can help you evaluate your existing estate plan, or recommend excellent estate attorneys to get one started if you haven’t already. While we aren’t estate attorneys ourselves, we work closely with different firms that specialize in different areas of this complex field, and can help you identify the right professional for the job. Whether it’s for yourself or someone you care about, reach out today to start a conversation.

*Norberg Wealth Management and LPL Financial do not provide legal advice or services. Please consult your legal advisor regarding your specific situation.

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