Ascent insightsPersonal legacy planning

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.

Family philanthropy: Year-end giving strategies.

Family philanthropy: Year-end giving strategies

Holidays and year-end gatherings are ideal times to discuss your family’s strategic philanthropic plan and the philanthropy you’re involved in. Doing so can help you find joy in giving back to your community and renew shared values across generations.

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.

Maximize your giving with donor-advised funds, qualified charitable distributions and gifts of stock.

Strategies to maximize your charitable giving

Donor-advised funds, qualified charitable distributions and gifts of appreciated stocks offer prime opportunities to enhance your giving and potentially take advantage of greater tax savings.

3 reasons a family foundation fails.

3 reasons a family foundation fails

You may have the best of intentions when launching a family foundation, but that’s often not enough to avoid a failure. With proper planning, you can avoid three critical missteps that many foundations make.

How private foundations can unify intergenerational families.

Benefits of setting up a private family foundation

A private family foundation can help families more effectively transfer intergenerational wealth to the next generations.

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.

How to become a philanthropist.

How to become a philanthropist

Progressing from a “checkbook” donor to a philanthropist can be one of the most rewarding privileges of wealth.

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