Navigating Wealth, Values, and Legacy
Like many of our clients, your focus for the year ahead may involve establishing or reviewing your estate plan. When individuals work on their estate plan and begin thinking about what they would like to happen when they are no longer here, they quickly realize that it’s about a lot more than financial considerations. It’s also about ensuring your plan aligns with your values, principles, and the legacy you want to leave behind. In light of these considerations, we are pleased to recommend Wealth and Families by Charles W. Collier as an impactful resource that aligns perfectly with these aspirations.
Summary: Wealth and Families invites families to explore the deeper meaning of various types of wealth including financial, human, intellectual, and social. Through thought-provoking questions and illustrations, Collier facilitates a deep exploration of the relationship with financial wealth, guiding families to shape their approach to philanthropy and estate planning. Practical resources including an appendix that highlights a “Family Systems” approach to the estate planning process and insightful questionnaires, empower readers to contemplate their wealth, philanthropy, and the future of their family. Wealth in Families serves as a compass, guiding families through the intricacies of wealth management while emphasizing the importance of values, communication, and legacy.
Why we like it: Wealth and Families prompts contemplation on the diverse forms of wealth – financial, human, intellectual, and social – a critical aspect of our ongoing conversations with clients during estate planning, where life insurance is a key component of their estate planning strategy. Collier’s vision aligns seamlessly with the values of many of our clients, offering a strategic framework for building a lasting, meaningful impact through their wealth.
Have you read it? Let us know your thoughts in the comments.