Family Wealth Planning Framework

Prompt

Develop a family wealth planning framework for [FAMILY NAME].

Family context:
- Total investable assets: [APPROXIMATE RANGE]
- Family structure: [NUMBER OF ADULTS, CHILDREN, GENERATIONS]
- Primary wealth source: [BUSINESS / INVESTMENTS / INHERITANCE / SALARY]
- Estate planning status: [WILL / TRUST IN PLACE / NONE]
- Current advisors: [CPA / ATTORNEY / WEALTH MANAGER / NONE]
- Primary goals: [WEALTH PRESERVATION / GROWTH / CHARITABLE / BUSINESS SUCCESSION]
- Next generation: [AGES AND FINANCIAL SOPHISTICATION]

**PLANNING FRAMEWORK**

1. **Wealth Map** — Inventory of all assets: liquid investments, real estate, business interests, retirement accounts, life insurance, and other assets. With estimated values and owners.

2. **Estate Planning Assessment** — Review current structure and identify gaps:
   - Will and power of attorney status
   - Trust structures (revocable, irrevocable, dynasty)
   - Beneficiary designation review
   - Estate tax exposure and mitigation strategies

3. **Investment Governance** — Family investment policy statement, asset allocation, advisor oversight process.

4. **Tax Optimization** — Income tax, estate tax, gift tax, and capital gains strategies.

5. **Risk Management** — Life insurance adequacy, liability protection, and concentration risk.

6. **Philanthropy Strategy** — If charitable giving is a goal: DAF, family foundation, or direct giving structure.

7. **Next Generation Preparation** — Financial education plan and governance for transitioning wealth.

8. **Advisors and Governance** — Who should be on the family's advisory team and how to coordinate them.