If you’ve ever tried to talk to your kids about family wealth and ended up getting a sarcastic “OK Boomer” in return — we hear you.
One of the most common concerns we hear from clients is How do I make sure what I’ve worked so hard to build doesn’t just disappear when I’m no longer here?
It’s a completely valid question. Preserving wealth and planning your legacy isn’t just about the dollars — it’s about values, vision, and making sure the next generation is ready to carry it forward. But with generational shifts, changing priorities, and different communication styles, it’s easier said than done.
So let’s talk about it.
Here are five practical ways to safeguard your legacy and make sure the wealth you’ve built is not only preserved — but respected.
- Start the conversation early.
Legacy conversations don’t need to be formal or heavy — but they do need to happen. Being open and transparent about your wealth, your values, and your vision for the future creates a shared understanding early on.
Start with a simple conversation — what do you value most? What kind of future do you want your kids or grandkids to have? These discussions will lay the foundation for smoother transitions.
- Involve your heirs in the planning process.
Your heirs aren’t just recipients — they’re future stewards. Bring them into the process early. Let them ask questions, give input, and understand the responsibilities that come with wealth.
The more they understand the responsibilities and goals behind your wealth, the more likely they are to treat it with care — not just as a windfall, but as a legacy
- Create a legacy plan that reflects your values.
Your wealth should reflect what matters most to you — whether that’s philanthropy, maintaining a family business, or protecting your family home.
There’s no one-size-fits-all legacy plan. That’s why we build strategies that reflect who you are. A great legacy plan goes beyond your net worth and addresses purpose. What impact do you want your wealth to have? Who do you want it to support? This is where the real meaning of legacy comes to life.
If you’re not sure where to begin, give us a call. We love helping families bring clarity and confidence to their planning process.
- Look beyond the primary breadwinner.
Good planning includes everyone — not just the person with the highest income. Think about your spouse, your children, and even future generations.
Comprehensive legacy strategies account for everyone and ensure nothing (and no one) gets left behind.
- Prioritize education.
This one might be the most important of all. If you want your legacy to last, your heirs need more than just money — they need the knowledge to manage it.
Equip them with the tools to understand investing, managing money, and navigating financial decisions. When they’re confident and informed, your legacy has a better chance of thriving — not just surviving.