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  3. We’re living today in an era of unprecedented wealth. It used to be, a million dollars was a lot of money. Now, it’s not uncommon to hear of people with a net worth in the tens or hundreds of millions, or even billions. Now that’s a lot of money!

    In fact, it’s so much money that it can be hard to spend all in one lifetime. And many people are proud to leave a legacy to their kids and grandkids. But, your gift may not have the impact you might hope.

    Research cited in a 2013 Wall Street Journal article found that 70 percent of an affluent family’s wealth is typically gone by the end of the second generation and 90 percent is destroyed by the end of the third.

    Don't let this happen to you. We can help you evaluate and establish a safe, structured legacy plan that not only works for you and your loved ones. Please contact our office to learn more about the Intergenerational Guaranteed Lifetime Income Strategy™.

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Michael Abbate

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