Let's talk
about your legacy.
Estate issues can be some of the toughest topics to address. Many parents intend to give to their children and to charity at death, but do not know the best way to accomplish this. As a result, the giving remains vague, undone or without seeing the benefits of the gifts while they are still living.
of families fail in transitioning wealth between generations.
The legacy left behind entails more than a will and financial inheritance. What does a person want to be remembered for? What does generosity look like to them? How can that be passed on in ways that bless the following generations?
Seventy percent of families fail in transitioning wealth between generations. Sixty percent of the transition failures are caused by a breakdown of communication and trust within the family unit. Another twenty five percent of the failures are caused by inadequately prepared heirs.
We're here to help.
The amount of information shared with family can be tricky to decide, and depends on family dynamics. Whether dollar details or only need-to-know basics are shared, communication goes a long way. Most people are too far on the side of not talking in these situations.
We facilitate conversations with children, and possibly mature grandchildren, around personal, family, financial, business, charitable, and spiritual legacy topics.
Our process for these family meetings is:
1.
Discovery of family details and current situation analysis
2.
Solutions, recommendations, and implementation of family generational planning
3.
Monitoring annually to allow for new tax and estate planning laws and changes in family dynamics
We would love to help with your family wealth planning.
Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor.
This communication is strictly intended for individuals residing in the states of AL, AZ, CA, FL, IL IN, MI, NC, OH, SC, TN, TX, VA, and WA. No offers may be made or accepted from any resident outside the specific states referenced.
Family Wealth Counseling services offered through Kardia Midwest Family Wealth Counseling, LLC, a Registered Investment Advisor to residents of Michigan. Cambridge, MainStreet Financial, and Kardia Midwest Family Wealth Counseling are not affiliated.
The information being provided is strictly as a courtesy. When you link to any of these web-sites provided herein, MainStreet Financial Advisors makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site.
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Securities offered through Registered Representatives of Cambridge Investment Research, Inc. a broker-dealer member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser.
This communication is strictly intended for individuals residing in the states of AL, AZ, CA, FL, IL IN, MI, NC, OH, SC, TN, TX, VA, and WA. No offers may be made or accepted from any resident outside the specific states referenced.
The information being provided is strictly as a courtesy. When you link to any of these web-sites provided herein, MainStreet Financial Advisors makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site.