70% Of All Wealth Transfer Plans Fail to Meet Their Goals

#1 Reason Wealth Transfer Fails

After failing to get a good answer to the question “Why does wealth transfer fail?”  from academia, The Williams Group interviewed 2,500 families and researched another 750 family case studies.

Based on this study of 3,250 families The Williams Group reported in Preparing Heirs the #1 reason wealth transfer plans (estate plans) fail to meet their goals is:

Breakdown of communication and trust in the family

This is further broken down:

1. Failure to come to a common consensus on family action
2. Failure to take common action as a family
3. Lack of trust in the family unit

What Can I Do?

You need to get your FREE STRATEGY SESSION now by calling (479)717-6300.

You need to work with a good estate planner.  One that understands there is more to a plan than just drawing up a bunch of documents and creating successions plans.

You need to work with a planner who has taken the time and trouble to learn the underlying causes of why plans fail, and what to do about.

There is a 5 step system you can use to join the successful 30% of people who have wealth transfer plans that work.  You should join forces with a planner who is familiar with the system and give yourself the best shot at success.

The post 70% Of All Wealth Transfer Plans Fail to Meet Their Goals appeared first on DeWitt Law Firm, PLLC.

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from DeWitt Law Firm, PLLC