The Great Wealth Transfer
Six steps to get started
Wealth transfer planning can feel complex. Breaking the process into manageable steps can help you move forward with greater clarity and confidence. Here's a simple way to begin. Explore the six steps below and see where you may want to start the conversation with your advisor.
1. Build your team
Identify the people who can help support your goals and guide key decisions.
2. Take inventory
Understand what you own, how it’s held, and who could be affected.
3. Define your goals
Identify the impact you want your wealth to have on the people and causes that matter most to you.
4. Create your plan
Turn your intentions into a plan that reflects your values and goals.
5. Communicate your plan
Share your plans so people are prepared, not surprised.
6. Put your plan into action
Carry out your plan, then revisit it with your advisor as life and circumstances evolve.
Guidance for the people behind your legacy
A Wells Fargo Advisors Financial Advisor can help you navigate the financial, personal, and family considerations involved in transferring wealth with confidence.
Lifescapes
Guidance and conversation starters to help families discuss wealth, values, and legacy together.
Helping preserve generational wealth
Learn about common challenges to preserving generational wealth and how to prepare for them.