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How Should Your Wealth Serve Your Family?

Feb 9, 2019 9:00:00 AM The MacMillan Estate Planning Team Estate Planning, Family Office, Wealth Planning


It’s standard practice in estate planning for families to work towards preserving and maximizing their wealth today and across generations. This typically involves a great deal of effort focused on the wealth itself, but what about the ways in which that wealth should be serving your family?

Estate Planning & Your Wealth

Whether it’s tax planning, investment management, succession strategy, or the way you approach inheritance, every aspect of estate planning is generally designed to ensure that you and your family can benefit from your wealth to the utmost degree. However, in the ongoing and often complex journey of planning your estate, most of your attention will be directed towards the numbers and legal logistics behind your decisions. While there’s nothing wrong with this in and of itself, it’s important not to lose sight of the deeper question at play: In exactly what ways will your wealth provide you and your family with the quality of life you deserve?

New Priorities

Your wealth can serve your family in countless ways, and the clearer a sense you have of what they are, the more concrete your goals can be. You might, for instance, want your children to benefit from a world-class education, providing the best opportunities for their career and personal development. Perhaps you want your spouse to be secure in the event of your passing so that they can continue to live a fulfilled and comfortable life. You may wish to ensure that your loved ones enjoy a standard of living that matches the nobility of your family name. Once you reap the rewards of your estate plan, your goals will be well within reach.

Working with Your Family Office

We believe that properly structuring an estate requires nothing less than formidable legal and financial strategy, but a worthwhile estate plan is also centered around what matters most: your family. This is why the family office you choose to work with should be as caring as they are reputable. They should be interested not simply in maximizing your wealth for the sake of it, but in helping you to formulate and work towards a vision of exactly how your legacy will enrich the lives of those you care about. If you want your wealth to serve your loved ones from this generation to the next and beyond, a family-driven estate plan is a truly precious asset.

MacMillan Estate Planning is devoted to helping families in Canada, the U.S., and the U.K. create robust and results-oriented estate plans. If you want to create a fully enriched future for generations to come, give us a call at 1 (833) 266-6464 for a complimentary consultation today.

At MacMillan Estate Planning, our team of professional trust and estate practitioners, chartered accountants, financial planners, and legal professionals look forward to assisting you with the design of your estate plan and will ensure you build, protect, and enjoy your wealth. The information provided is general and may not be suited to your objectives or sufficient to ensure the protection of you and your family. You should not act on this information without providing MacMillan Estate Planning with the opportunity to ensure that it is suitable for your unique situation.

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