You have worked hard for decades to build your wealth, often from the ground up. You remember foregoing extravagant trips in your early days, choosing to be frugal and save for the future. Now that future is here, and you’re wondering how to ensure your children and grandchildren carry on your financial legacy without losing the work ethic that you used to build your family’s wealth.
It’s not an easy, one-size-fits-all answer, says Roger A. James, Director of Trust Services at Parsec Financial.
“In my experience as an attorney and financial advisor, the most successful planning results come from good and early communication,” James said.