Ascent insightsPersonal legacy planning

What to do when your child reaches the age of majority

It can feel overwhelming to your teenager when they’re suddenly responsible for their finances and healthcare decisions. Learn about the actions you and they should take to set them up for success.

3 effective strategies for transferring real estate to heirs

Inheriting real estate can be a gift to your heirs—but clear communication and forward planning is critical to avoid turning family property into a financial burden for them.

Family capital: What it is and how to build it

Families with significant wealth should have a comprehensive strategy for intergenerational wealth transfer. A key part of that is building family capital, which involves educating family members and ensuring they’re aligned on its wealth preservation philosophy.

Which are the best states for trust situs?

Choosing your trust situs—where your irrevocable trust will be administered—is key to tax efficiency, asset protection, privacy and establishing a lasting legacy.

Financial legacy letters: What they are and why you need one

Wills and estate plans lay out who will benefit from your wealth after you’re gone. A financial legacy letter explains why you made these decisions. Here’s how to write one.

Estate tax exemption sunset: What you need to know now

The 2017 Tax Cuts and Jobs Act raised estate tax exemption levels significantly, but it’s due to sunset in 2025. Congress could act to maintain them, but you should plan now for any outcome.

Family loans: Should you lend money to your children?

There are key emotional and financial factors to consider before loaning or gifting money to your adult children.

Wealth preservation strategies in a rising rate environment

Managing tax liabilities is a key element in preserving wealth. A rising rate environment can be a good time to revisit your estate planning and tax strategies.

Digital fraud protection: Strategies for safeguarding your assets from online scams and cybercrime.

Digital fraud protection: Strategies for safeguarding your assets from online scams and cybercrime

A look at cybersecurity and online fraud protection strategies that individuals and family offices can use to protect their assets.

Client story: Talking about money and family wealth for the first time.

Client story: Talking about money and family wealth for the first time

With Ascent’s help, a real estate developer revealed the wealth he’d built to his family and worked together to create a financial plan for the future.

Embracing family secrets.

Embracing family secrets

Family secrets are not uncommon. These “skeletons" can launch potentially challenging but necessary conversations to redefine their family values and goals.

Insights multigenerational family.

Four reasons values are important in maintaining generational wealth

Establishing shared family values is essential to your family’s long-term financial wellness.

How to elevate female role models in your family story.

How to elevate female role models in your family story

Every family tree is full of amazing female role models. Oral history can be an effective way to record their stories and raise the profile of the women in your family.

Moving past the guilt of inherited wealth.

Moving past the guilt of inherited wealth

The emotional stages of inheritance often parallel the five stages of grief. Understanding how they correlate, and specifically how to move past the guilt stage, can help you find peace with your inheritance and focus on the future.

Bridging the gap between values and generational family wealth.

Bridging the gap between values and generational family wealth

The best place to start engaging and educating family members of all ages and attitudes toward money is with what matters most: values.

5 steps to consider when creating a prenup.

5 steps to take when creating a prenup

Signing a prenup is one of many decisions to make when getting engaged. It may not be the most romantic part of wedding planning, but it can be a very practical decision for both parties.

Family inheritance: Does fair mean equal?

Family inheritance: Does fair mean equal?

A variety of factors can impact how you distribute your estate to your beneficiaries. Doing so fairly and equitably may require some creative thinking.

Considerations for family legacy planning.

Considerations for family legacy planning

These steps can help you create a legacy plan that both reflects your values and incorporates tax-efficient ways to transfer your assets.

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The information provided represents the opinion of U.S. Bank and is not intended to be a forecast of future events or guarantee of future results. It is not intended to provide specific investment advice and should not be construed as an offering of securities or recommendation to invest. Not for use as a primary basis of investment decisions. Not to be construed to meet the needs of any particular investor. Not a representation or solicitation or an offer to sell/buy any security. Investors should consult with their investment professional for advice concerning their particular situation.

U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Family Office Services are not fiduciary in nature and Ascent serves in a non-fiduciary role when providing these services. Family Office Services may include leadership and legacy consulting services in order to facilitate your self-assessment of family office services issues. Ascent does not engage in the practice of psychology.