How Intergenerational Wealth Preparation Can Lead to a Multigenerational Client List w/ Laura Malone

Advisors focus do a great job helping their clients accumulate and retain their wealth. However, they are often ill equipped when that success leaves the client with more questions related to what these assets will do to the subsequent generations. Clients concerns can include if the wealth will be so much that it could demotivate them from chasing their own success? Or if the wealth will have meaning and significance and how the future generations will remember them? The transfer from success to significance can be a huge opportunity for advisors to use charitable planning to ease their clients concerns as well as build quality relationships with the next generation. About Our Guest Laura J. Malone is Director of Gift Planning for American Endowment Foundation (AEF). Founded in 1993, AEF is an IRS-recognized public charity that administers a national, independent Donor Advised Fund program. This allows families a more simplistic alternative to a private family foundation when creating a legacy of family philanthropy. AEF’s program involves compliance monitoring, state and federal filings, charity review, and grant disbursements - all in accordance with IRS guidelines. By allowing the client's trusted advisor to remain engaged in the management of the assets, AEF allows the families the best opportunities to grow their charitable investments and giving the money to worthwhile organizations. Laura is a member of Advisors in Philanthropy (of which AEF is a Sponsor), Partnership for Philanthropic Planning, Northern Ohio Planned Giving Council, Financial Planners Association as well as The Estate Planning Council of Cleveland.