Leave a lasting legacy, mark on the world through financial inheritance.
Now, more than ever, estate planning is critical.
You’ve worked hard to achieve success and financial independence. We’re here to help you keep what you’ve earned. In working with highly successful clients, Generational Strategies LLC president and CEO Chris T. Christensen has stressed that it’s not enough to make a plan. He encourages audiences and clients throughout the country to constantly monitor and update their financial and estate plans, to ensure they offer maximum protection in an ever-changing environment.
The vast majority of estate planning fails to achieve its goals.
For centuries, most families have planned for their futures through traditional retirement and estate planning. And for centuries, those plans have ultimately failed the families they were supposed to protect. In 70% of families, both the assets and the family unity are exhausted by the end of the second generation. By the end of the third generation, 90% of families have seen their unity and their assets disappear.
So, what makes the 10% successful? It’s all in the details. It’s not just the financial inheritance they look to pass on, but the familial inheritance as well. These families work diligently to share their stories, values and life lessons with their heirs. It’s about more than money. It’s about the legacy and leaving a mark on the world – the focus shifts from financials to building a strong bond within the family, full of trust and communication. Together, we can prepare each family member from one generation to the next.
Helping you pass the torch to the next generation – it’s about more than money.
When it comes to passing on an inheritance, financial assets are undoubtedly important, but multiple studies tell us that it is more important to receive and pass on the family’s values, stories, life lessons and traditions.
Still, most professional advisors approach planning from a purely financial perspective: “What is your net worth? How much money do you want to pass on to your children? How should we plan to minimize your estate taxes?” While these questions are important, they do not complete the picture.
If we have learned anything from decades of experience and studies, it’s that planning for the future of your money is not the same as planning for the future of your family. Generational Strategies Group can be the beginning of your family journey toward keeping your family’s wealth and unity intact for generations.
Preserve, Protect and Perpetuate Wealth.®
Of course, financial assets are vital for achieving your goals. You’ve worked hard to provide for yourself and your family and make your future more secure. Without advanced estate planning strategies, much of the significant assets you have accumulated may be lost to the taxman.
Generational Strategies Group regularly assists affluent clients with sophisticated planning strategies, individually tailored to best meet your situation and your goals on how best to make a lasting impact. Some of the vehicles we use to assist our clients include:
• Dynasty trusts
• Family limited liability companies
• Qualified personal residence trusts
• Irrevocable life insurance trusts
• Charitable remainder trusts
A carefully designed estate plan may include one or more of these estate planning vehicles. In addition, many of our clients create a private family foundation to receive a portion of their wealth and have their children serve on the board to perpetuate philanthropy for generations.
We help design a defensive estate plan that ensures that what they have gets to whom they want, when they want and how they want – helping them pass the torch to the next generation – using sophisticated gifting strategies to help transfer business value without losing control. Your plan will be the ideal mix of vehicles to preserve, protect and perpetuate a lifetime of hard work to take care of those you care most about – children, grandchildren and philanthropic causes.
Keeping the family business in the family is harder than you think. Most family businesses never make it to the second generation. The inheritance plan with no chance of success is the one that never gets designed and implemented. Beat the odds with Generational Strategies Group.
In his decades of experience in the financial and estate planning field, Christensen saw far too many families failing to integrate and update the various pieces of their financial puzzle. He believes it is vital to take a more holistic approach, for clients to feel empowered about their life and legacy planning.
Christensen works with all of his clients to make sure that those they care about – family, charity and other beneficiaries – are properly taken care of, and that others – such as the IRS, creditors and predators – are disinherited.
- estate planning