Integrated Family Wealth Planning

July 22, 2020

A trend is emerging in wealth planning where multi-generational as well as extended family members come together for integrated family planning to ensure a united and longer lasting legacy.

Preserving wealth and developing a strategy to pass it from generation to generation can be challenging yet it helps to integrate younger generations and all relevant family members in the process. Legacy planning provides families with the opportunity to create shared long term objectives for their wealth while still considering near-term cash flow needs. This type of integrated strategic planning aligns the family’s investment strategy with long term philanthropic and legacy goals.

Families using this type of integrated approach often find they preserve more wealth, provide for more future generations and teach existing younger generations to be more financially responsible because they emphasize the need to preserve for common reasons (whatever those may be).

Integrated family wealth planning requires an exorbitant collaboration effort and effective leadership. Many family members, of all ages, must be in sync with several trusted advisors - CPAs, estate planning attorneys, insurance advisors and wealth planners. This complex process requires various perspectives, creative thinking and a team with multi-disciplinary skills.

Having and maintaining the core vision for your family legacy will allow it to evolve as needed based on changing circumstances while staying on track to provide the legacy envisioned. To get started on an integrated family wealth and estate plan, please contact Stouffer Legal at 443-470-3599 in the Greater Baltimore area.

We can't wait to see you!
Today is the right day to take your first step. Click below to register for our next free workshop and learn what everyone is talking about.

Attending our next free Workshops is the best way to
Get Started on your New Estate Plan!