One of the biggest reasons that wealth is historically made and lost in three generations is due to trust and communication, or a lack thereof.
Instead of worrying about how you are going to make your money last for multiple generations, you should be worried about how your money is going to enhance the lives of your family for multiple generations.
You are your legacy, and the life you live is the legacy you will ultimately leave behind for your children.
Many get tied up in the definition or the stereotypes of legacy planning, but forget its very simple premise.
Here’s why: you will not just inherit your family’s wealth, but also your family’s problems