Why Is Transfer Of Generational Wealth Important?

Generational Wealth is nothing but the wealth in the form of assets, properties and money that is passed down from one generation to another. A person’s wealth is at least passed on to his children or grandchildren. With a good financial inclusion plan, it can be preserved and transferred to many generations in your family.

How much money is considered generational wealth?

There is no exact figure which could amount to generational wealth. If you have enough assets, the value of which has grown with time e.g. your immovable properties, intellectual property, financial assets, business etc. which you’re accumulating for the safe and secured future of your family, dependants and loved ones, the same shall be passed on to your beneficiaries otherwise what’s the meaning of having these assets in the first place.

‍Why is it important?

Successful generational wealth transfer can give your next generations a financial edge for their better and bright future. If you have struggled to accumulate wealth, you know what it takes to become financially strong. And you would want to make the tough journey easier on your children. 

If your children and family would have good financial resources it will literally help them in their education from eminent and reputed institutions, access to better healthcare facilities, help them with their loan payments, better nourishment etc. This creates a significant advantage for young adults starting their life in the real world.

Having a Will in place will help ensure that your generational wealth is distributed and handled precisely as you might have planned and intended. And what’s better than doing it from the comfort of your home? Making a Will online is easy and will save you a lot of time and money.

Make sure your wealth sustains for generations. Create your legacy plan with us at AasaanWill. Zaroori Hai!