When it comes to paying it forward or safeguarding your wealth, you can’t afford not to think strategically. These financial experts have advice for passing along your hard-earned assets in ways that truly benefit all parties.

Building a lasting legacy is key to longevity when it comes to generational wealth.

Generational wealth is an opportunity to build a legacy that transcends financial assets. It’s about aligning wealth with a family’s unique vision, values, and aspirations. Think of wealth as a meaningful part of your family’s story, empowering future generations to carry forward a shared purpose for their resources.

Stewardship extends beyond managing wealth; it’s about fostering open, collaborative conversations that address complex issues like succession planning, trust administration, and defining the purpose of wealth. Financial education is at the center of this process. With values-based guidance, you can prepare each generation to become responsible stewards, equipping them with the skills and confidence to make informed decisions about their money.

A family’s legacy is strongest when it supports a shared sense of purpose. By understanding this vision, families can protect, grow, and shape their legacy to continue to be meaningful and resilient across generations.

Explore how Trust Point’s dedication to helping families builds legacies that inspire confidence, unity, and a roadmap for future generations at trustpointinc.com/family-office.

The federal gift tax exemption might be cut in half.

The current federal gift tax exemption allows individuals to transfer up to $13.6 million without incurring gift or estate taxes. However, this exemption is scheduled to be reduced by about half in 2026. As this window of opportunity closes, now is the time to maximize your wealth transfer.

Evaluate Your Estate. Assess your assets, income, and expenses to determine the available amount for gifting.

Consult a Professional. Seek advice from a financial advisor to create a tailored plan that aligns with your goals.

Act Before the Deadline. Take advantage of the current exemption before it reverts to a lower level.

By proactively planning before 2026, you maintain significantly more control of your assets, help preserve your wealth and ensure a smooth transition for your heirs.

How do I know if I need to act now? If your net worth is greater than $7 million, there is just over a year left to make strategic gifting decisions. Doing so could save millions in taxes for you and the next generation.