Generational wealth provides an excellent opportunity for you and your family to build a long-lasting legacy and find happiness and fulfillment. Proper preparation and communication are essential steps in transferring wealth successfully over multiple generations. Hearing others’ stories may empower you and your family to design a life that is both fulfilling and impactful. Pathstone and FuturePath are creating a series of fireside chats that provide real examples about generational wealth and succession planning to help you feel more comfortable getting the conversation started. In this fireside chat, Steve Braverman compares the passing of wealth to a relay race. The main goal is to be at the “TOP” of the podium when you finish the race. We will discuss with Steve how he discovered he was in the race, how his father passed the baton, and how he plans to pass the baton to his daughters. Below are a few of the key observations from our conversations.

Estate planning can be an intimidating process. With this in mind, we have gathered seven general questions around the estate planning process and have provided answers in a Q&A format.

Equity Markets dipped in January as the Omicron variant and the news of increasing interest rates stirred uncertainty in investors. Equities, real estate, and fixed income fell while commodities and natural resources rose. Value has been outperforming growth in U.S. equities and large cap outperformed small cap across U.S. and Global equities. U.S. inflation rose at its fastest pace in nearly 40 years but month-over-month inflation slowed from previous period. Inflation worries drove U.S. Consumer Sentiment to settle near 10-year lows.