Integrated estate planning preserves wealth and harmony

Families who own together must learn to plan together.

Article written by Aileen Miziolek and Amy Wirtz for Family Business Magazine

Family success is akin to a rubiks cube.

Creating an integrated estate plan for a large, multigenerational enterprising family is like solving a Rubik’s Cube. Just as each twist of the cube affects multiple squares simultaneously, each branch’s estate planning decisions can have a ripple effect on family members in other branches. It’s an intricate puzzle, and the challenge is ensuring every move contributes to the well-being of the full family. With all these complications, it is no wonder that estate planning coordination gets put on the back burner. Here is a typical story and a genogram to help keep track of the characters.

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