Six-Word Lessons To Build A Sustainable Legacy

Six-Word Lessons To Build A Sustainable Legacy

by Tom Fowler
     
 

Inheritance and wealth are often regarded as taboo subjects by parents. Children are reluctant to approach their parents to discuss planning because they don't want to appear greedy. Parents, who consider they have a close relationship with their children, overlook the impact their wealth will have on their grandchildren. By the time their children receive their… See more details below

Overview

Inheritance and wealth are often regarded as taboo subjects by parents. Children are reluctant to approach their parents to discuss planning because they don't want to appear greedy. Parents, who consider they have a close relationship with their children, overlook the impact their wealth will have on their grandchildren. By the time their children receive their inheritance, their lifestyle will be set. The grandchildren may not be prepared to handle a financial inheritance. Who will mentor the grandchildren if you do not create a method of communication and training that lasts through generations? Thus, the question remains, how can I keep my family and the family wealth together through subsequent generations? The answer is Legacy Planning. A legacy is defined as "a gift of property or anything handed down from the past". The legacy we hand down to future generations is more than wealth. It also includes values, vision, and goals. It is the instructions we prepare for a generation we will not see.

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Product Details

ISBN-13:
9781933750286
Publisher:
Leading on the Edge International
Publication date:
09/05/2010
Pages:
142
Product dimensions:
5.25(w) x 8.00(h) x 0.30(d)

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