Your legacy is a reflection of you – your values, beliefs and your unique family dynamics. We specialize in developing sustainable asset preservation and management strategies that help multi-generational business families strengthen family cohesion and build valuable legacies across generations.
Why Legacy Planning Matters
For legacy planning, think beyond estate planning, which only provides you with a narrow view of how your wealth and assets work. Legacy planning takes this many steps further by capturing the essence of what you’ve built, dispelling family conflict, and transferring your wisdom so that all you’ve build lives on in your absence.
Families Working in Sync
Developing a legacy plan can feel overwhelming. Your values, including all family members skills, personalities and levels of interest need to be considered. But the benefits are many:
Prevent Family Stress and Disputes
Develop a governance system that will alleviate family discord today and in the future.
Protect Your Values
Take control by defining how assets are distributed and how philanthropy is to be supported.
Leave Your Family with a Legacy
It’s not about family inheriting wealth, it’s about the continuation of all you’ve build for generations to come.
Avoid Probate
This costly and time-consuming process can interfere with the transition of your assets and the daily functioning of your business.
See how our other divisions can support your legacy planning.
It's the Strings Attached Approach
By taking into consideration the skills of your family members and by determining if their passions and values match yours, we’ll determine what role each person will play. This approach makes those you entrust stewards of your assets and not just beneficiaries. It alleviates family tension and conflict by defining roles, asset distribution, percentages of wealth and salaries.
Although complex, we’ll walk you through each process of building your legacy plan.
Information Gathering
Take stock of your estate, investments, real estate and other assets. Also list sentimental belongings.
Asset Distribution
List all the people and organizations that mean the most to you. Let’s talk about what role they all play.
Transferring Wisdom
Even more important than transferring wealth is transferring wisdom. These guiding principles are the foundation that your business was built on.
Philanthropy and Values
Your values and those causes that matter most to you can be passed on. Let’s talk about those things that you’re most passionate about.
Do I Need to Have a Rich Estate to Pass on My Legacy?
Your passion, your life is rich regardless of the financial bottom line. Regardless of how large or small your business or asset collection is, we can help you put a plan in place to grow it and carry it on in your absence. One thing to keep in mind is depending on the size of your estate and the complexities of it your plan may be very simple or complex.
Meet Phyllis
Phyllis is the Founder and Chief Executive Director at BGEI. Her credentials equip her with the knowledge and experience to help but it’s her passion that really sets BGEI apart.
