Multigenerational Planning
Multigenerational planning ensures that the distinct financial complexities facing each generation in your family are anticipated and addressed to protect the family’s individual and overall goals. This multilayered planning approach addresses your entire family’s wealth management needs through a single lens to help provide clarity, consistency and cohesion.
What You May Be Thinking
- How do I ensure my wishes are carried out hen leaving assets to my heirs?
- What can I do today to prepare for transferring wealth in the most tax-efficient way?
- Should I begin gifting to family members during my lifetime as part of my wealth transfer plans?
- How do I make sure my family’s directives and estate plans are up to date?
Multigenerational Planning is related to these other areas of planning used by Copper Leaf:
How Your Team Helps
Multigenerational planning means more than transferring assets to your heirs. It also means passing down your values, protecting the legacy of your parents, educating the next generation and minimizing taxes. Our team works for your entire family, coordinating between generations so you’re all benefiting from a plan that was constructed with the family’s best interests in mind. Multigenerational planning includes:
- Passing on your financial values to future generations.
- Having peace of mind knowing everyone in your family is following the same financial advice and is working with advisors who’ve earned your trust.
- Addressing elder care needs for your family.
- Establishing power of attorney and medical directive for older family members.
- Facilitating inheritance issues such as step-up basis and estate taxes through all generations.
- Providing higher education funding to your children and/or your grandchildren.
- Proactively educating and engaging the next generations in the financial planning process.
Please note that the information presented in this material is for general purposes only and should not be acted upon without first seeking professional advice. This material has been authorized by Focus Partners Advisor Solutions (FPAS), and CLF makes no representation or warranty regarding the accuracy of the information provided. It is being used with permission and was originally published by FPAS.
Copper Leaf Financial has established key strategic partnerships with elite financial industry leaders including FPAS. These alliances put us in the optimum position to help clients reach their personal and financial goals while retaining our independence. We are truly independent fiduciaries offering high-level services without being accountable to a large parent corporation unlike many of our competitors who attempt to pick stocks and outsmart the market. As a member of FPAS network of more than 140 independent wealth management firms we have strengthened our ability to help clients make the best decisions by providing them with ideas, insights, and intelligence from industry thought leaders. Through our strategic partnerships we are in a unique position to deliver comprehensive solutions to our clients. This is true wealth management.
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