Avoid the Generational Trap

You may have heard this shocking statistic before — seventy percent of wealthy families lose their wealth within two generations. Ninety percent within three. Why do families lose generational wealth so quickly? Well, there are a number of reasons, but most have to do with a failure to plan and a lack of communication. Creating a comprehensive estate plan is the best way to organize your wishes and prepare for a frank and honest conversation about wealth protection and preservation with your heirs.