In this session of Thursday Insights presented by John Jenkins and Marty Dutch, the topic of Heritage Planning is covered. Below are some of the highlights of the Thursday Insights session.
Highlights of hte presentation:
Traditional planning has failed to keep families and their fortunes together for three or more generations - and that has been true for centuries all over the world.
Lessons from history:
Geography, Economies, Governments, Tax Structures
It doesn't matter: Families rarely keep their money and families together for more than three generations.
A Williams & Preisses Study
"What got you?"
- 60% - Lack of Communication and Trust
- 25% - Unprepared Heirs
- 3%- Failures in Financial Planning, Taxes or investments
- 12% - Everything else
Heritage Planning is the Essential 3rd Element of Successful Multi-Generational Planning
Heritage Planning works with good financial and estate planning to prepare the next generations for the inheritances they will receive, and to build a family structure to keep the family together for multiple generations.
AdvisorOne.com shares:
In 2005, a study by Allianz found that leaving a legacy was far more important to people than leaving money to their heirs, and the terms with which this was enumerated were quite dramatic. The survey found that 77% of both baby boomers and their parents rated “values and life lessons” as the most important legacy they could receive or leave.
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To obtain access to the FULL DIGITAL PROGRAM which includes:
- Full PowerPoint Presentation
- Full Audio MP3 of the presentation
- Complete PDF notes set of Presentation