How and when to talk to the next generation about wealth

How to Prepare The Next Generation For Significant Wealth

Having “The Talk” about wealth is a topic that provokes uncertainty and delay. Avoiding the exchange, however, only compounds the difficulties. Anxiety and ...

How to start multi-generational money conversations

Depending on your relationship with your parents or kids and your plans for your own legacy, it may be time to stop avoiding the “money talk ...

Preparing the Next Generation for Wealth - Gould Capital

Talking finances with family is not something that people find comes naturally. And although financial conversations are easy ones to avoid, ...

How To Talk With Your Family About Wealth

To protect your family's financial future. Arguably the most fundamental reason to have open discussions about family wealth is to preserve it.

Generational wealth planning: Engaging and preparing the next ...

... wealth from one generation to the next ... Communication takes all forms in families; a chat in the car, over a Sunday dinner or other family ...

Millennials and wealth: how next-generation clients—and advisors ...

Nearly half of next-gen advisors say that financial planning is critical to their success, but less than a third of established advisors say the same. Video ...

6 Tax-Efficient Ways to Transfer Wealth to the Next Generation

It's up to you to change that by having open and honest conversations with those who will be the recipients. Talk about the desired long-term ...

4 steps to help ensure a smooth transfer of wealth to the next ...

1. Keep everyone on the same page. · 2. Don't give too much, too early. · 3. Demonstrate good money management habits. · 4. Talk it out.

Key Topics to Discuss with Your Children About Generational Wealth

It is not merely a discussion about accumulating wealth; rather, it is focused on the prosperity of future generations. You might be asking, how ...

Wealth, legacy, and the next generation

Ultimately, wealth transfer is about more than dollars; it's about your family legacy. What do you want that legacy to be? Think big picture, considering family ...

Six Steps to Prepare the Next Generation for the Responsibility of ...

It starts with you. Meaning, take the time to be crystal clear about what you want your wealth to accomplish, and how you want it to impact your ...

Attracting and Empowering the Next Generation of Wealth Stewards

Younger generations may be open to starting out with the same financial institution their parents use, but a study by Cerulli Associates shows ...

10 key questions families with significant wealth should answer now

4. Do you use a framework to help you plan for short- and long-term goals? 5. Is your estate plan in place and up-to-date? 6. Is the next generation getting ...

Top Five Mistakes to Avoid When Passing Wealth to the Next ...

Engage in regular family meetings, discuss your intentions, and address any concerns or expectations. By fostering open dialogue, you can align everyone's goals ...

Research Shows Wealth Transfer Starts With A Talk - Edward Jones

The Wealth Transfer Isn't One Size Fits All ... Americans generally agree that the transfer of wealth will look different for future generations, ...

Family Wealth—Engaging the Next Generation - Silvercrest

Taking the time to prepare the next generation through communication, education and strategic transfer of responsibilities can help ensure future wealth ...

How to engage the next generation of clients - Athene

Talk about your shared connection. Opening a conversation with younger generations about their parent's or grandparent's (your client's) well-being can be a way ...

Preparing the Next Generation for Family Wealth Stewardship

As family offices prepare to transition their wealth to future generations, it is crucial to instil the values, knowledge, and skills necessary ...

3 effective ways for advisors to engage with, and win over, the next ...

Most financial advisors aren't prepared for the next generation, and many wealthy heirs will be looking to move. ... We are currently in the midst ...

Rethink your assumptions about next-generation wealth

Do younger generations really want to break with the financial traditions that made their parents rich? The transfer of wealth to a new generation is a pivotal ...