Kirkland and Ellis estate attorney David Handler knows that high-net-worth parents sometimes worry that their estate could be a “disabler” to the next generation. “They’ll have all this money, they’ll do nothing,” the parents fret. Handler reminds clients that parents pass on values as well as assets. “Convey those values to your kids while you’re […]
Legacy can mean different things to each of us as we consider our family estate planning and wealth transfer and what we hope to leave behind for the next generation. Is your priority to leave security for your children and spouse? To endow a building on the campus of your alma mater? Or is it […]
It wasn’t the most cheerful breakfast conversation, but it was an important one. “Mom,” one of my three kids asked while slathering jam on my latest attempt at sourdough bread. “What would happen to us if both you and Dad get COVID?” I assured my kids that we’ll probably be fine. Besides, we have a […]
You’ve accumulated a certain amount of wealth–from big gains in the stock market, building your own business or savvy real estate investments. The next thing you want to consider is how to preserve your assets so you can pass them on to your heirs. Basic tools If you’re just beginning to think about wealth preservation, […]
