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Most wealth transfers fail by the third generation. It's a staggering statistic, but the reason behind it is rarely a bad investment strategy or a poorly drafted legal document.
In this episode, Emily and Jessica explore why a solid estate plan is only one piece of the legacy puzzle. They break down the Five Forms of Capital: Human, Intellectual, Social, Spiritual, and Financial and explain why the four invisible forms are the ones that actually determine if your wealth will sustain your family or erode it. They discuss how to move past the logistics of tax minimization and asset titling to focus on what really matters.
If you want to learn about transferring values, building a shared purpose, and teaching the next generation how to be good stewards of their inheritance, this episode is for you.
☕ Today's sip: Yamamotoyama's Ginger Yuzu Green Tea. A bold, family-owned brew from a company that has mastered the art of legacy since 1690.
Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures
0:00 — What We're Sippin' on Today
0:23 — Tea Talk And The Legacy Gap
2:40 — The Five Forms Of Family Capital
11:54 — What Successful Families Do Differently
13:57 — Why Social Capital Is So Hard
15:17 — Keep Legacy Conversations Simple
18:04 — Easy First Steps To Start Today
Connect with us:
Get our Free Private Wealth Advice Newsletter: https://www.monumentwealthmanagement.com/subscribe
LinkedIn: https://www.linkedin.com/company/monument-wealth-management/
Connect with Emily on LinkedIn: https://www.linkedin.com/in/emilyharpercfp/
Connect with Jessica on LinkedIn: https://www.linkedin.com/in/jessicagibbscfp/
Instagram: https://www.instagram.com/monumentwealth/#
Listen to Off The Wall, our podcast with market analysis: https://monumentwealthmanagement.com/off-the-wall-podcast/
