Relationships are Fundamental It’s a funny thing about advice. Everyone seems to have an overabundance of knowing what others should do, and they have no problem telling you about it, especially when monetary gain is a motivating factor. However, there also seems to be an equal dearth of understanding about who such advice is given…
Retirement Income Certified Professional© Grandparents Can Depend on.
Creating a generational legacy integrates an array of family assets that includes the human capital of a family. It’s the emotional well-being of family members. If individual family members are flourishing then the family’s most important assets are growing. This particular asset is the most important part of the family legacy. A discussion of values, virtues, and vision is the cornerstone of this process.
A family’s intellectual capital is the sum total of everything each family member knows. As knowledge grows, each family member will contribute their “unique” wealth and strength to the family over the generations. Thirdly, financial capital are the assets and economic tools that can be eventually transitioned to each succeeding generation. Family members became stewards of the family assets for past, current, and future generations.