Since ancient times, the majority of inheritance plans have failed. Two thousand years ago a Chinese scholar penned the adage: "fu bu guo san dai," or "Wealth never survives three generations.” In thirteenth century England they said ”Clogs to clogs in three generations,” and in nineteenth century America the expressions became "From shirtsleeves to shirtsleeves in three generations.” Many cultures. Thousands of years of history. One common tradition of failure.
Today is no different; current studies conclude that 90% of the time the money is gone by the end of the third generation. Not only is the money gone, but the family unity and individual accomplishment parents wanted to leave as their legacy is often destroyed.
The good news is that 10% of families have kept their families and fortunes together across generations. What did they do differently? In addition to good financial and estate planning, they did Heritage Planning; they prepared their heirs to receive their inheritance.
You have probably completed good financial and estate planning, and prepared your money for your family. The question is: have you prepared your family for their inheritance? Or, stated another way, will your family be part of the 90% or the 10%?
We have taken what the 10% did right and put it into a proven step-by-step process that ‘completes’ traditional financial and estate planning, and gives families renewed hope.
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