Statistics indicate that most wealth transfers from parents to children fail because of poor communication and a lack of trust among family members. Mark Weber describes a process that parents can use to:
Clarify their legacy goals.
Explain to heirs how their values inform their estate planning decisions.
Prepare children to be responsible heirs.
Use charitable giving as a means of passing on their values.
Create their own unique legacies.
Weber offers readers practical advice about how to use family meetings to provide financial education for children and strengthen family ties. A Spectrum of Legacies includes case studies, sample worksheets, and letters from Weber's long experience as an advisor to affluent families. Readers can use A Spectrum of Legacies to create legacies that pass their financial assets in a way that reflects their personal values, teaches their children, and benefits their communities.