As you get closer to the finish line of life, it’s important to start thinking about your wealth distribution in three different ways.

  1. Exactly how much am I going to need to get to the finish line?
  2. Exactly how much wealth can I leave to my heirs without hurting them? King Solomon, the wisest and richest person who ever lived, said it is “vanity of vanities” to accumulate great wealth and to leave it to someone who neither worked for it nor appreciates it. Leaving too much wealth to heirs can rob them of life lessons learned from hardship, the incentive to work and be productive, and can destroy their self esteem.
  3. Exactly how much wealth could I give away now and after I am gone to fund worthy causes (ex: your church family, Habitat for Humanity, Hospice, American Cancer Society, etc.)? This is the one that personally excites me the most as I have learned of the many different ways to give that not only does good now, but creates a family legacy of giving for multiple generations to come.

So, do you know all the answers to all these questions? If you do, you’re in the minority. Most families, including the affluent, have never given thought to them. Why? Because a Family Wealth Advisor has never guided them through the wealth discovery process to come up with real life solutions.

From my nearly 31 years of experience, I’ve seen families hurt numerous times because there was never a wealth-inheritance-legacy plan created and implemented. Money is a powerful tool. In the right hands it can provide many opportunities for good for the family and others. But, in the wrong hands it can be both destructive and debilitating. Wealth can especially hurt heirs, and without a plan, if they have any emotional, spiritual, marital or financial problems, leaving too much wealth only compounds these issues.

I can help you answer these questions, gain clarity for your wealth, and form a complete wealth-inheritance-legacy plan that will last for many generations with an experienced team of autonomous advisors (CPA, Estate Planning Attorney, Specialist in Planned Giving etc.). To find out more about how this process works, call the office at 830-609-6986 for an initial, no obligation appointment with me.