Wealth Transfer Checklist
Generational wealth transfer can be a daunting process. Use this checklist to help you and your family stay on track.
Have I…
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Apportioned and provided direction for my wealth?
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Determined how much I can afford to pass down?
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Chosen which assets I want to pass on?
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Considered my philanthropic interests?
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Determined how I’d like to divide my wealth amongst my family?
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Appointed the right beneficiaries and trustees for each trust I own?
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Communicated with my family regarding my plan?
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Defined family money values?
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Established communal goals?
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Considered ways to safeguard my wealth?
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Assessed the risk profiles of my future heirs?
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Calculated the biggest obstacles to my wealth transfer?
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Prepared my future heirs for the wealth they will inherit?
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Met with my financial advisor?
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Thought of the wealth transfer “big picture”?
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Set up a timeline?
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Thought about how my wealth transfer strategies work together?
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Built in flexibility to my wealth transfer plan?
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Set up a schedule for regular check-ins with my financial advisor?
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Have a Question about your Wealth Transfer Checklist?