Generational Wealth

Considering the size of the baby-boomer population, more wealth than is typical is about to start passing to another generation…an estimated $4 trillion over the next two decades

“Those transferring wealth should be preparing estate-planning documents and beneficiary designations to make sure wealth flows in line with their desires,” said Jessi Chadd, CFP®, CeFT®, Chief Wealth Advisor at Aspyre.

And for those receiving money from the richest generation in history? Jessi suggests those people start thinking about what purpose that money could serve.

Jessi shared her comments with Distinct magazine, a publication of Montage and Pendry, the international, ultra-lux hotel, resorts and real estate company.

Read the full article in Distinct (pages 58-63) to discover how some companies are evolving to keep up with the unique expectations and life-style preferences of the future beneficiaries of the Great Wealth Transfer. But keep in mind, this publication is writing for executives of highly exclusive, top-tier luxury brands!

Legacy

At Aspyre, we challenge clients to think seriously about how they want to be remembered when they are 90 years old. Leaving a legacy can be so much more than just a financial contribution to your heirs.

Receiving a financial inheritance can be life-changing, and is also worthy of serious contemplation. How can that money be best utilized to reflect your values and the impact you wish to make in the world.

Remember, you don’t have to be passing on or inheriting “ultra” wealth to heed Jessi’s advice. Even small gestures can have an impact on future generations.