Legacy Strategies

The recognition that true wealth is more than money

 

Perhaps your primary concern about wealth is how to use it to make a difference: How to create more meaning for yourself and your family. And to help future generations preserve what others worked so hard to build. If you are here, Waypoint can help you create a lasting personal legacy.

You Can Beat the Odds

Passing wealth down is fraught with failure. Case in point: 70% of family businesses fail to survive the second generation. The Economist, "The New Wealth of Nations," June 16, 2001 p. 3ff referring to studies conducted.

Wealth often does not survive the next generation let alone produce a legacy. Heirs who are unprepared to manage wealth and lack of family trust and communication are major reasons for failure.

New inheritors, blended families, family business owners and parents trying to teach financial responsibility face particular challenges. Here, Waypoint Advisors and our network of specialists can make all the difference. We help:

  • Define what you stand for and what you want your money to accomplish.
  • Express and clarify the responsibilities that come with the transfer of wealth.
  • Develop a family legacy plan that blends individual differences into collective goals, leveraging human, intellectual, financial and social capital into a cohesive legacy strategy.

Philanthropic Services

Charitable giving that is purposeful, effective and fulfilling.

Philanthropy might be central to your legacy. If so, depend on Waypoint Advisors to manage the work of giving so you can experience the joy of giving. Acting as your investment manager and working with your tax and estate planning advisors, Waypoint Advisors delivers full and integrated philanthropic support. We help:

  • Create a vision and strategy for your philanthropy.
  • Develop a consistent process for evaluating proposals and making grants.
  • Administer the entire grant process - from taking proposals to performing due diligence to communicating and making payment to grant seekers.
  • Assess the effectiveness of your gifts against your goals.

 

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