Introducing Legacy Family Planning | 1 of 5: Overview

Introducing Legacy Family Planning | 1 of 5: Overview 

There is a little-known phenomenon of three generational wealth loss that is both historical and worldwide in nature.  The first generation creates wealth and transfers it to the second generation.  By the end of the third generation, the wealth is gone.  This cycle of creation, transfer, and loss is known by many names.  In America, we call it “shirtsleeves to shirtsleeves.”  In Japan, it is called “rice paddies to rice paddies” and in Ireland, it is called “clogs to clogs.” 

Because most people are unaware of its existence, it remains unchallenged.  The Williams Group, an industry leader in Legacy Family Planning, conducted a 20-year study of 3,250 families and determined that 70% of intergenerational wealth transfers fail when failure was measured by loss of assets.  Although this is a significant metric, and easy to measure, it does not tell the full story.  

In my own research, and that of others, the failure rate of intergenerational wealth transfer is closer to 85% to 90% when failure includes destroyed relationships, unnecessary upheaval, and loss of assets.  

There are many factors that contribute to this phenomenon: 

·      Death and money are taboo topics.

·       Wealth transfer failure, or failed inheritances, have been accepted as normal. 

·      Most people don’t understand the real issue, therefore cannot implement a real solution. 

·      In addition to the confusion and avoidance that surround the issue, perception biases get in the way of implementing solutions. 

Although there is a proven tool for preventing the three-generational cycle of wealth loss, access to it has been reserved for ultra-wealthy families supported by the Family Office Industry.  Unless you have more than 25 million dollars, odds are, you haven't never heard of this industry.   

Now, more than ever before, it is time to crack the inheritance code.  Over the next thirty years, more than $30 trillion dollars will transfer as baby boomers die.  It’s time to fix this broken system by providing families access to the time-tested estate planning tool that prevents the three-generational cycle of wealth loss.  Rather than focusing on wealth creation, this estate planning tool focuses on preparing the family to receive wealth by identifying unique family values, stories, and wisdom.  The secret to sustaining long-term wealth is the creation of a strong unified multi-generational family unit.  You don’t have to be ultra-wealthy to benefit from Legacy Family Planning. It has been the best-kept secret hiding in plain sight; a secret your family can use to preserve your wealth, and more importantly, preserve family relationships.

The purpose of this article is to introduce you to the real issue and provide a brief overview of the solution.  This is general information only, NOT LEGAL ADVICE.  But first, let me share a little bit about me and why this is important.