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Family Wealth & Business Planning

  • Family Wealth & Business Planning

    Families of significant wealth often own a diverse mix of assets, including multiple residences, less liquid alternative or private equity investments, and valuable collectibles. This paper discusses 10 key factors that must be taken into account in order to create and maintain a flexible wealth management plan that reflects the family’s priorities and diverse mix of assets and balances risk, cost, and complexity.

  • Family Wealth & Business Planning

    Research suggests that the odds of sustaining wealth across generations are as low as 30%. Through collaboration with experts, internal research, and working with many of the world’s wealthiest families, GenSpring has identified 25 non-financial best practices that we believe enhance a family’s ability to sustain family wealth across generations.

  • Family Wealth & Business Planning

    Several common “myths” lead wealthy people to avoid life insurance, even when there may be a legitimate need, or to purchase life insurance for the wrong reasons. Life insurance can be an important risk management tool for some ultra-high net worth individuals who need to address concerns about survivor income, estate tax liquidity, or estate equalization.

  • Family Wealth & Business Planning

    Wealth is a very sensitive topic to most people, and discussing it honestly with others is often extremely uncomfortable. A thoughtful advisor can help clients more honestly assess their genuine motives, without judging them, and assist in developing a plan that better aligns actual giving behavior with the client’s motives.

  • Family Wealth & Business Planning

    Capital Sufficiency Analysis is the process of determining whether your family’s existing and anticipated financial resources will allow you to achieve your financial and estate planning goals. The analysis provides a framework for making decisions about future spending, investment allocation, estate and philanthropic planning.

  • Family Wealth & Business Planning

    Today’s technology is rapidly evolving and the digital world in which we all live poses significant risk.  In the wake of increasing global cyberattacks, Chief Information Officer Robert Trinchet has authored a paper titled Cyber Security and You.

  • Family Wealth & Business Planning

    When the only tie that binds a family together is sharing business ownership, chances are the Family Enterprise will struggle to remain family-owned and intact for successive generations. To combat this issue, GenSpring created the Family Accord ModelSM which serves as a practical framework and process that can help families as they approach the future together.

  • Family Wealth & Business Planning

    Even the most successful family enterprises can be devastated by the complexities and challenges that arise at the dynamic but turbulent interface between the family and the business. How can families improve the odds for successfully perpetuating the family enterprise to future generations?

  • Family Wealth & Business Planning

    The sale of a business can be one of the most significant events for families of wealth. Often, family members have devoted substantial time and resources to building a successful enterprise. This case study illustrates the value of sound pre-transaction planning prior to the sale of a family business and outlines a four phase process for maximizing the opportunity.

  • Family Wealth & Business Planning

    Many families of wealth struggle with a fundamental question: Can our wealth be sustained across generations and have a positive impact on those who use it? GenSpring has identified a series of best practices for the successful transfer of multi-generational wealth and believes that families who implement them can increase the odds of maintaining the wealth and reduce the likelihood of succumbing to the global phenomenon of “shirtsleeves-to-shirtsleeves in three generations.”