Life is a voyage full of risks and rewards. When you reach your ultimate destination, how will your legacy affect the journey of future generations?
Typical legal documents and financial plans cannot address issues concerning the meaning of legacy, how it is created, and where money comes into the picture.
Most estate plan documents do not have language for discussing true wealth – the tangible and intangible assets of a family:
• Personal Capabilities • Education • Values • Faith • Legacy
Understand Generational Well-Being
As a result, many families and individuals have a gap in their understanding of generational well-being and how the financial component fits together with the core purpose of the family and its legacy. You, your family and your heirs are more than just balance sheets and “loot” to be distributed to lottery winners by formula.
No matter what the jurisdiction, our system coordinates with documents critical to asset transfer without loss of the human values and intangible wealth, love and “voice” that made that wealth possible. Your voice of experience is the culmination of decades of responsibility and, often, generations of learning before you. Too often, your legal documents completely ignore it. When properly shared, and when tied to your Will, your voice will echo for centuries through court records to future generation if your immediate heirs forget it. Your impact can be immediate and deep when combined with our other strategies, however.
Systems to Ensure Success
The step-by-step Legacy Lifeboat process helps ensure family success over generations by treating families as more than just financial assets controlled by laws and documents. Legacy Lifeboat addresses the human aspects of your documents. These include: how you want to be cared for in disability, how you want to be protected spiritually in your final moments to protect against despair, your faith, hope, love and belief for your heirs, your voice, cautions, expectations and reasons for the plan you have designed and the thinking you wish to share with trustees. If minors are involved, how you want them to be cared for spiritually, educations, and between families are shared.
Based on your family’s vision and goals, the process creates legal documents and systems that will ensure success and fulfillment for generations, because benchmarks, accountability, rights, and roles are all legally established and clearly defined.
Transferring True Wealth
Unlike traditional estate planners, Family Trust Institute founder Jim Smyth understands the true nature of legacy and wealth transfer, both tangible and intangible. Based on his own family’s legacy, he also knows the effect it has on heirs and future generations. As a result, the Legacy Lifeboat generational succession plan focuses on your family’s true wealth and perspective – and their impact in your community.
Typical legal documents and financial plans cannot address issues concerning the meaning of legacy, how it is created, and where money comes into the picture. Most do not have language for discussing true wealth – the tangible and intangible assets of a family.
Beyond Legacy Lifeboat
The Family Trust Institute’s powerful platform is an irreplaceable asset. With it, you can reliably protect, build and transfer what’s really important across the generations. Isn’t that what love is really all about?
Century Families are really about sustained love. Don’t miss the opportunity to learn what’s possible to achieve for better loving, more success and communication, and for opportunities across generations. Find out what Century Families do and how your family can join them.
Evaluate Your Status
Evaluate your family’s odds of achieving a successful asset transition. Complete the 1O-question Estate Transition Checklist to determine how prepared you and your family are to achieve your asset transition goals.
Complete the Estate Transition Checklist
Determine Your Priorities
Our Personal Estate Planning Priorities Survey, in combination with the Estate Transition Checklist, will help determine your vision and goals for your estate plan and how it is administered by your heirs.
Complete the Survey: Estate Planning Priorities