Taking care of those who will live on after we’re gone is about more than money and assets. Leaving your voice and wisdom in a meaningful way is something The Unger Company can help you achieve. Contact us today to learn more. Photo by Andrea Piacquadio
Having a voice after you’re gone has an almost supernatural ring about it. If you’re old enough, you may think of Boris Karloff or Rod Serling. And, if you’re an attorney, you’ll remember the Trusts and Estates professors talking about the hand from the beyond controlling distributions. We know we do!
Estate planning and inheritance is where your voice can begin when you are still vital. It is important to remember that one day you won’t be here, and you can build guidance into an estate plan so that Generation 2 (your children) and Generation 3 (your grandchildren) will still have to comply with the lessons you taught them during your lifetime.
It never ceases to impress us how many of our clients shift their attention from protecting a legacy through wealth transfer to wanting to have an enduring voice in their family’s affairs. Again, the hand from the beyond…
One of the great advantages of working with a firm like The Unger Company is that our experience has put us in a position where there aren’t many situations we haven’t seen before. Sure, there are differences between the details of one family versus another, but by-and-large, the broader categories and higher view of particular matters are areas where we have significant experience. Often, the values and ethics of a family or individual play a significant role in guiding the distribution and structure of a legacy.
This is one of the areas where The Unger Company shines! This is where the work we do is so much more about people than numbers, and it is vital for prospective clients to have an understanding of this concept. Beyond the business and legal aspects of building a wealth transfer plan for high-net-worth individuals (HNWI) and ultra-high-net-worth individuals (UHNWI) that avoids paying unnecessary estate taxes, a family’s well-being after a patriarch or matriarch is gone is an essential component of estate planning.
There are a variety of specific concerns that can factor into this sort of planning, but the biggest ideas are more broad-based: values, ethics and personal welfare are elements that factor into our thinking. There are times when this can be something beyond the expected or that seems like a throwback: For instance, a client who would demand that his/her descendants are married by a certain age or that past dependency issues require that they regularly pass drug tests, or they do not receive their inheritance. Other clauses can require a grantee to hold gainful employment or to be involved in specific acts of charity or to be educated to a certain level. These are values, ethics and personal welfare concerns that are specific to a family, and part of our job is to make sure that these ideas have durability with succeeding generations.
Although The Unger Company specializes in estate tax strategy, these other issues are incredibly important to our clients, and we help their voice to live beyond their physical presence. Since our founding in 1974 by Harold Unger, The Unger Company has been servicing the estate tax needs and providing exceptional trust advice to high net worth (HNW) and ultra-high net worth (UHNW) clients. Contact us through our website or call us at 212-755-4777 to learn what we can do for you.
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Harold Unger LinkedIn: https://www.linkedin.com/in/harold-m-unger-9453aa73/
The Unger Company Ltd. LinkedIn: https://www.linkedin.com/company/93617123/
Keywords: #estate planning, #HNWI, #UHNWI, #wealth transfer, #estate tax strategy, #inheritance
