Thoughtful multigenerational wealth planning can help you ensure your family’s wealth and legacy are all properly managed. 

 First, identify your planning objectives:

• Whom do you want to benefit from your wealth?
• Do you want to donate some or all of your wealth to charity?
• Do you want to transfer some of your wealth to your beneficiaries during your lifetime or only upon your death?
• Do you have any situations that require specialized planning, such as a previous marriage or a special needs child?

Then, a customized estate plan can address a number of planning objectives:

• Preserving the value of your estate
• Maximizing what you transfer to your beneficiaries
• Minimizing the transfer taxes you must pay, including federal and estate taxes
• Managing assets for your spouse, children, or grandchildren
• Establishing a will in order to plan for specific bequests to children or charities
• Setting up a trust and identifying a trustee
• Coordinating with your tax and legal professionals to pull all the necessary information together

Stifel and its associates do not offer tax or legal advice. You should consult with your tax or legal advisor regarding your particular situation. Asset allocation does not ensure a profit or protect against loss.