What Is Family Wealth Planning?
Family Wealth Planning is the Web 2.0 version of estate planning.
Whereas “estate planning” is about preparing and passing on your financial assets at the end of your life, Family Wealth Planning is about making the right financial and legal decisions for your whole family wealth throughout your lifetime and leaving the world a better place after you are gone.
It’s about capturing the assets that are most often lost when someone dies … the intellectual, spiritual and human assets that make up a great majority of our family’s wealth and passing them on as well.
When my dad died, he left behind a bit of money, but the rest of his wealth was lost, uncaptured.
I have no letters from him or recordings talking about his hopes and dreams for my future. My children will never hear his voice or know what was important to him.
I suspect it is the same for your family.
And while there are gobs of websites and businesses springing up to help people capture these assets and pass them on, in my experience we are just too busy and it rarely gets done.
I’ve found the best way to make sure this happens is to make it part of your legal planning. When you are working with a lawyer on your family’s “estate” planning, if your lawyer is only preparing a plan to pass on your financial assets, he or she is only doing 1/4 of the job.
What you want is a lawyer who will help you capture the wealth that is most often lost and most difficult to plan for … your intellectual, spiritual and human assets or who you are and what’s important to you.
Through a simple Family Wealth Legacy Interview process at the end of your planning together, your Personal Family Lawyer will help you capture the most valuable family wealth you have and pass that on for successive generations by building a legacy library that will be far more valuable than any dollars you could ever leave behind.
[...] and motivating you to start thinking about “estate planning” (I much prefer the term Family Wealth Planning, which encompasses the true holistic nature of what we do) earlier in life. Like, as soon as you [...]
May 14th, 2008 | #
[...] in Discovering “The True Secret Of Wealth” ? Thetruesecretofwealth’s Weblog Wealth Secrets Online Magazine ? What Is Family Wealth Planning? Tags wealth builder making money wealth create wealth money money making earn money This [...]
June 25th, 2008 | #
[...] [...]
July 9th, 2008 | #
Thanks for the useful article about Family Wealth Planning.
January 13th, 2011 | #
oh, Great articl! I will keep this post.
May 21st, 2011 | #
I agree with your Blog and I will be back to check it more in the future so please keep up your work. I love your content & the way that you write. It looks like you have been doing this for a while now, how long have you been blogging for?
July 21st, 2011 | #
Discount Coach Bags
July 22nd, 2011 | #
wow wow,That is a very good blog ,I am like,and from that blog I learn a lot ,Ihope you can write alot after that,so mang people an look you blog and more people will learn it,Here i Stand by other people thank you fou you ?HOPE you every day is good day,and smile more.!!!!
July 30th, 2011 | #
The way you write make it truly easy to read. And the design you use, wow. It is a really decent combination. And I am wondering what is the name of the theme you use?
August 4th, 2011 | #
This website has got lots of extremely helpful info on it. Thanks for helping me.Nike Shox cheap
August 9th, 2011 | #
monster headphones
August 18th, 2011 | #
I love your homepage, the way I love air. Ok just kidding but really good explanations though .
September 6th, 2011 | #
Youve got style, class, bravado. I mean it. Please keep it up because without the internet is definitely lacking in intelligence.
September 15th, 2011 | #
I am happy to have found this blog, and more happy to have long tail explained so well. Thanks.
September 17th, 2011 | #
I love your homepage, the way I love air. Ok just kidding but really good explanations though .
September 26th, 2011 | #
Les voyageurs à la mode en sont venus à Las Brisas depuis 1957 pour ses vues panoramiques, des chambres au calme, les services de spa et club de plage privé.
Mondialement célèbre pour son hospitalité incomparable, la calidez de son peuple, les belles plages, couchers de soleil spectaculaires, la vie nocturne palpitante, et ses coutumes pittoresques et les traditions, l’Acapulco est une ville qui peut répondre à vos attentes.
Hôtels à Acapulco offrir Barato Louboutin Zapatos
September 27th, 2011 | #
Mission earth automatic wrist watch engineer’s base, carry, “special edition after more than 30 times rigorous test, durability is extremely high,
November 30th, 2011 | #
the north face the most serious body the north face clearance injuries should be back part, where the armor has become a sieve, large and small hole above several hundred at least, intensity is simply staggering. armor under the north face of the back also much better, the surface layer of the meat has completely disappeared, glowing red spine and ribs are all exposed to the root of the air in some places and even internal organs can be seen directly, but for the north face of ethnic identity rather special , such a heavy injury certainly was finished.
January 16th, 2012 | #