When you get together with your family, does it feel like there’s an elephant in the room? Sometimes money is a difficult topic to discuss. But conversations with your family about what you hope your legacy will be, are so crucial. I know we don’t like to think about death. But having a clear and well-communicated plan to pass on your wealth and your values can be the best gift you ever give your loved ones.
Being wealth advisors for many years, we get it, and we’ve seen it many times, the importance of these conversations and the hesitancy. That’s why we’re here to help facilitate family meetings. And believe me, it’s much less stressful to talk about these things in advance, than to leave them until later when you may be under emotional and financial stress.
We can host a conference call or an in-person meeting to go over to some key things you need in place like your will or trust, power of attorney, and healthcare proxy. You also need up-to-date beneficiaries and a place to store important documents so that they can be accessed when they’re needed.
We can also help your family understand the WHY behind your investments. How we invest for mom and dad may not be the same as how we would invest for your average 40-something. At this point, our investment strategy is to aim for an income stream that's consistent and safe. That's an important message for any child to understand, no matter their age.
Don’t wait until tragedy happens, or you are no longer able to communicate your wishes. You don’t want to force your family to scramble, selling property, searching for key documents, or going to probate court. We can help you avoid some of the stresses we’ve seen other families go through.
Every family’s dynamic is unique. Give us a call so we can talk about yours and see how we can help.
At Di Silvio Wealth Management Group, we help you to realize your future.
