Thanks for the interesting article. I would like to add some information about multi-generational financial planning.
Multigenerational wealth is wealth that is passed down for more than one generation. The wealth here refers to financial resources in the form of real estate properties, stock market investments, or financial education.
Multi-generational financial planning https://interactive-wealth.com/services/multigenerational-financial-planning/ involves identifying your estate’s potential risks and challenges and creating a mitigation plan.
You can set your family for generational wealth by:
- Financially educating the younger generation on wealth preservation
- Establishing a trust to protect your wealth
- Developing a well-crafted estate plan to serve as a legal framework for your future financial goal fruition.
- Plan for the financial futures of the younger and older generations