Multigenerational planning (for a business or a family) increases the opportunities for financial stability and encourages open communication. So often in the world of finance we focus on the earning and saving and spending of money, and we don’t focus on communication and thoughtful discussions with our loved ones on how to intelligently prepare for the future.
Family meetings and discussing family matters remain one of the best ways to start the conversation— these meetings can be a “springboard” towards deeper discussions to start the estate and financial planning process. It’s during these initial talks that you can discuss specific goals and educate each other to develop a plan that can work for you and your loved ones.
No one type of meeting fits all and it may take several to start the conversation. But once you start realizing your financial goals and concerns together, you are one step closer to setting real objectives and working towards fulfilling your financial goals.
Contact us today to learn more how you can initiate those meaningful conversations.
This column is sponsored by The Thornhill Wealth Management Group.
CREDITS
column by CONLEY THORNHILL
Conley Thornhill, CFP®, CIMA®
Senior Vice President–Wealth Management
Eric E. Johnson, CFP®, CIMA®
Vice President–Wealth Management
UBS Financial Services Inc.
295 1st Street South, Winter Haven, FL 33880
863-298-3600 888-411-5049
conley.thornhill@ubs.com eric.e.johnson@ubs.com
ubs.com/team/thornhillgroup
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