Leaving more than an estate...Leaving a legacy.

The process of transferring wealth from generation to generation can have many challenges. A great number of estate plans will fail, no matter how carefully crafted, because of the lack of consideration to long-term legacy planning. Most plans will focus solely on the financial assets of the estate and fail to recognize the importance of family values. The fact is that your heirs may not share the same enthusiasm or even sense of responsibility for the assets and/or businesses being inherited. This can lead to the deterioration of family wealth and cause the collapse of any thoughtful estate plan.

Consider the scenario in which a first generation visionary creates a business and sets in motion the practice of wealth accumulation in the family. The second generation, having been empowered by the first, utilizes education and creativity to refine the business. Generally by the third generation, the business is flourishing and the heirs turn their focus from growth and development to squandering their fortune. This activity continues through the next generation and the family wealth, that took generations to amass, is now depleted.
How will Legacy Planning with North help avoid this situation?

North Wealth financial professionals understand that a key element to the preservation of your wealth through the generations is the application of family values. We partner with you and your family to incorporate family values into a comprehensive legacy plan to prepare for the development and demands of future generations. This will ensure your wealth is utilized effectively through the generations and provide the greatest impact to the community... thereby perpetuating a well earned financial legacy.

Contact us for a complimentary consultation on Legacy Planning.