What’s more difficult: building an estate or passing it along to heirs?
Without the right road map, wealth transfer can sow family dissension that undermines decades of hard work and wise wealth management.
To help families elude that outcome and successfully negotiate the challenges of planning for wealth succession, two experts at BNY Mellon Wealth Management offer advice on communication; choosing an executor, trustee or other key agent; setting up trust incentives and restrictions; and more.
By Satta Sarmah Hightower | Illustrations by Stef Wong
