Help the next generation do the right thing
Accumulating financial assets can afford many invaluable rewards, but it is not without its challenges. One issue that many families encounter is how to best educate and prepare the next generation to make good financial decisions and utilize family assets wisely.
At QuadCap, long-lasting client relationships are the norm; we routinely work with clients and their families over multiple generations. This experience has helped us understand and respond to the often complex dynamics of passing wealth (and values regarding money) to children of all ages.
We would be honored to apply this experience as we work with you and your family. We can help you answer difficult questions, including:
- When is the appropriate time to start discussing money with minor children?
- How can you best instill a sense of responsibility and pride in wealth?
- Who will lead the effort to educate the next generation about spending, saving, investing, taxes, and so on?
- How will the actions and choices of the next generation be monitored, and as necessary, corrected?
- How can you ensure that your charitable priorities are embraced and continued by the next generation?
- What are the best practices to begin wealth transfer during your lifetime?
- How should your estate plan be structured to benefit your heirs while still protecting assets from excessive spending?
When you consider what is ahead for your family, what are your hopes and concerns? Let’s talk about the dynamics of your family and put in place plans that empower and protect the next generation.