It is estimated that 70% of family wealth is lost by the second-generation and as much as 90% by the third. These resources often slide through the cracks because of communication gaps amongst family members and unprepared heirs having sudden access to large sums of money.
At Castle Wealth Management, we help our clients put sound wealth transfer plans in place to avoid these types of issues. We also understand how family dynamics affect inheritance and can use our knowledge of different strategies to help families preserve their wealth. We quarterback the team of CPAs, lawyers, custodians and trustees as needed to help keep a family's legacy secure for future generations.
When you set up a wealth transfer plan, you are setting in motion the plan to bequest assets you have amassed over a lifetime. The goal of the plan is to pass along assets in such a way that allows the spending and investment constraints you want your family to maintain.
These plans often include trusts, family limited partnerships, and life insurance. We work with your estate planning attorney and tax advisor to formulate and carry out the plan.
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Our goal is to provide personal service coupled with current and extensive financial knowledge. We navigate the course for our clients to follow. A well-diversified portfolio, a long-term investment horizon and a documented plan enables our clients to reach their goals.