PRESERVING THE VERMONT
FAMILY FORTUNE
Did you know that 70% of wealthy
famiiies lose their weaith in the second
generation?
‘V UNSWORTH LAW, 35
ESiAih PLANN...
For third generations, 90% of the
wealth is lost
‘V UNSWORTH LAW, pg
4
ESIAIL PLANNING & ELDLR LAW ‘ ‘ [ -l
The reasons for these losses are many
and family elders worry about their
younger family members
LR LAW
ESIAH: PLANNING...
Those worries could include:
‘V UNSWORTH LAW, gtg
ESIAIL PLANNING & ELDLR LAW I ‘ K
A
~ A lack of financial skills
a personal choices (divorce,
committing crimes that lead to
incarceration)
~ Substance abu...
Astanling 78% of elders in wealthy
families believe the next generation is
not financially responsible enough to
handle inh...
|' . . “%v ‘V L V V1, L‘
I " ii i‘: IF T at §‘<"' a‘: :E: ‘*‘
I I" ' , ‘ ’-‘ I . iI -; " “‘ ‘ I
l } , II’; g, ...
Experts say that by keeping
communication channels open and letting
potential heirs know your net worth can
reduce problem...
This means opening up about what’s in the
will and the overall estate plan
LR LAW
ESIAH: PLANNING 8: ELD ‘ _ ‘I -l
‘V ...
Ideally, this woud happen in a family
meeting so that everyone knows
firsthand what to expect
UNSWORTH LAW, r= L£ ” ’
E...
For those who are mncemed about any
contests to the will, there exists a no
contest option
LR LAW
ESIAH: PLANNING 8: E...
This could prevent some heirs from
inheriting anything if they dispute the
will or trust
Whether you’re concemed about
family problems after the will’s been
read or if you wish to add or remove
heirs, we invit...
We can help you better protect your
assets while also defining the
I repercussions should a family member
dispute the plan’...
LEARN MORE ABOUT FRESERVING
THE FAMILY FORTUNE IN ESSEX
JUNCTION VERMONT
_, .,r. —i
our‘ 4''‘
EIIEI; to visit: I
. U orth w. net
of 17

Preserving The Vermont Family Fortune

When it comes to discussing their wealth, around 64% say they’ve disclosed little, if anything, to their adult children and even their grandchildren. Learn more about Vermont family fortune in this presentation.
Published on: Mar 4, 2016
Published in: Law      
Source: www.slideshare.net


Transcripts - Preserving The Vermont Family Fortune

  • 1. PRESERVING THE VERMONT FAMILY FORTUNE
  • 2. Did you know that 70% of wealthy famiiies lose their weaith in the second generation? ‘V UNSWORTH LAW, 35 ESiAih PLANNING & ELDbR LAW ‘ ‘ [ -l A . ‘ ’T ‘ ’ ’ ’
  • 3. For third generations, 90% of the wealth is lost ‘V UNSWORTH LAW, pg 4 ESIAIL PLANNING & ELDLR LAW ‘ ‘ [ -l
  • 4. The reasons for these losses are many and family elders worry about their younger family members LR LAW ESIAH: PLANNING 8: ELD ‘ ‘ ‘ -l ‘V UNSWORTH LAW, {LE 4
  • 5. Those worries could include: ‘V UNSWORTH LAW, gtg ESIAIL PLANNING & ELDLR LAW I ‘ K A
  • 6. ~ A lack of financial skills a personal choices (divorce, committing crimes that lead to incarceration) ~ Substance abuse ~ Fighting within the family UNSWORTH LAW, gtg ” ‘ ESIAIL PLANNING & ELDLR LAW I ‘ -l
  • 7. Astanling 78% of elders in wealthy families believe the next generation is not financially responsible enough to handle inheritance. ‘V UNSWORTH LAW, gt; ESIAIL PLANNING & ELDLR LAW I ‘ I -l A
  • 8. |' . . “%v ‘V L V V1, L‘ I " ii i‘: IF T at §‘<"' a‘: :E: ‘*‘ I I" ' , ‘ ’-‘ I . iI -; " “‘ ‘ I l } , II’; g, II%‘; »"§I / ' 2333 I: :Ii'I: I, ~I»II. I‘ <%. .‘IiI ‘I. I1;II- I I I ’ '1. _; - ‘, ‘—'. _'”“. I “:1 '1 ‘- ‘ . . . ~ . _ L ‘-7-§_-gt; . it 2.4? ) l ui. When it comes to discussing their wealth, around 64% say they’ve disclosed little, if anything, to their adult children and even their grandchildren
  • 9. Experts say that by keeping communication channels open and letting potential heirs know your net worth can reduce problems later on LR LAW ESIAH: PLANNING 8: ELD ‘ _ ‘I -l ‘V UNSWORTH LAW, :LE 4
  • 10. This means opening up about what’s in the will and the overall estate plan LR LAW ESIAH: PLANNING 8: ELD ‘ _ ‘I -l ‘V UNSWORTH LAW, gt; 4
  • 11. Ideally, this woud happen in a family meeting so that everyone knows firsthand what to expect UNSWORTH LAW, r= L£ ” ’ ESIAIL PLANNING & ELDLR LAW I‘ . -I
  • 12. For those who are mncemed about any contests to the will, there exists a no contest option LR LAW ESIAH: PLANNING 8: ELD ‘ _ ‘I -l ‘V UNSWORTH LAW, 35 A
  • 13. This could prevent some heirs from inheriting anything if they dispute the will or trust
  • 14. Whether you’re concemed about family problems after the will’s been read or if you wish to add or remove heirs, we invite you to contact our ofifices today ‘V UNSWORTH LAW, 35 ESIAIL PLANNING & ELDLR LAW I _ I -l A
  • 15. We can help you better protect your assets while also defining the I repercussions should a family member dispute the plan’s contents ‘V UNSWORTH LAW, gtg ESIAIL PLANNING & ELDLR LAW I ‘ I -l A
  • 16. LEARN MORE ABOUT FRESERVING THE FAMILY FORTUNE IN ESSEX JUNCTION VERMONT
  • 17. _, .,r. —i our‘ 4''‘ EIIEI; to visit: I . U orth w. net

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