The Heritage Process®
The Heritage Process ® is simply intentional steps that prepare families to grow together, instead of apart. Professionals who prepare families in this way maintain their professional relationships through the generations.
90% of families fail at keeping both the assets and the family together for more than three generations. It is predictable and preventable… if you know how. What does the 10% do differently? As an industry leader in multigenerational planning, we know that the difference is not in the financial or estate planning. The difference is intentional action to prepare the family for the intellectual, emotional, and financial inheritance that is to come.
By common definition,
• Financial Planning protects & grows the money.
•Estate Planning prepares the money for your family.
• Heritage Design prepares your family for their inheritances.
90% of families fail at keeping both the assets and the family together for more than three generations and 80% of the younger generation fire their parents’ advisor. Which generation do you work with? If most of your clients are Generation 1, it is time to engage Generations 2 and 3 before the opportunity is lost.
With the heritage process, families learn how to:
Identify family stories, values, life lessons, and experiences, and use them as the cornerstone for all their planning,
Communicate effectively across generations on an adult-to-adult level,
Prepare and equip the younger generations,
Work together,
Mentor children in the skills needed to succeed as individuals and as a united family.
The principles of The Heritage Process® have nothing to do with money. The principles apply to people at all income levels because designing for the future of your client’s money is not the same as designing for the future of your client’s family.
