Have you ever considered having a private family banking system? It is easier than you think. Let’s take a look at what family banking is and see how this financial tool is used for optimal growth and protection of your family’s wealth. I will outline the value of having your own family banking system. Then,…
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.