Generational wealth management holds two concerns. One involves the timing and strategies of moving money between the generations. The second, usually of more important concern, is how to instill the strong financial values that can create and manage wealth so that it will be used wisely. Our goal is to help you with both.

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1. Kiddie Tax Loophole Soon to Disappear (2007-10-29)
   This year, Congress has made income-shifting a dream of the past, trapping more kids in the dreaded "kiddie tax." Beginning January 1, 2008, children under 24 will owe taxes on unearned income at their parents' higher tax rates.
   
   
2. Budgeting Part 1: Creating a family budget (2005-03-21)
   Spending less than you earn is the essential foundation that creates the capital for investing and wealth building. Following the simple advice in this series of articles on budgeting will help you create the wealth necessary to benefit from professional fee-only asset management.
   
   
3. Squirrel Away Money While You Can (2005-09-12)
   In 1985, an MIT professor won the Nobel Prize for a simple technique that squirrels have known intuitively from birth -- you have to "squirrel" away some nuts during times of plenty so you can survive during times of scarcity.
   
   
4. Raising Money Savvy Kids - Teen Budgeting (2007-03-19)
   Many parents are concerned about raising their children to be financially savvy. If you want to raise kids who can create and manage wealth, there are a handful of key life skills every child should practice. Every kid should practice living within a budget before leaving home, not after. One way to provide opportunities for real world lessons at home is to give your children some oversight of the family budget.
   
   
5. 529 Plans Help with Estate Planning (2008-04-14)
   While many parents are struggling, some grandparent have large estates. One effective estate-planning technique is using a 529 account both to fund their grandchildren's college and also help them avoid significant tax liabilities.
   
   
6. Start Your Own Dynasty Trust (2007-03-05)
   Dynasty trusts, also known as generation-skipping trusts, aren't just for the Rockefellers and the Morgans anymore. In recent years, a few states, including Virginia, have altered their "rules against perpetuities," allowing trusts to span multiple generations. All of this is good news for those interested in keeping wealth in the family. By allowing such dynasty trusts, a handful of states are making it easier to preserve and build family wealth for years to come. Unlike the trusts which helped John D. Rockefeller and J.P. Morgan keep their wealth in the family, this new breed of dynasty trust is not just for the mega-wealthy.
   
   
7. Seven Financial Rules for Marital Bliss (2006-06-12)
   An overwhelming number of failed marriages cite financial troubles as a major factor in their breakup. This is no surprise because the way we use our time and money reflects our values. Without a strong set of shared values, marriages drift apart. But, dealing with finances together can bring a couple closer. Here are seven principles of how you can build wealth and your marriage.
   
   
8. Raising Money Savvy Kids - Postpone Spending (2007-02-19)
   One of the critical concerns of generational wealth management is raising young people to be financially savvy. Many have written to say that they read and discuss this column at the dinner table with their children. If you want to raise kids who can create and manage wealth, there are a handful of critical rules that are foundational. Here's the main one: Postpone spending.
   
   
9. A College Degree is Worth a Million Bucks (2005-09-26)
   A college degree is worth more than its weight in gold. In fact, the value of a college education is worth about $1 million, according to a 2002 study conducted by the US Census Bureau. In the face of rising college tuition costs, education may seem like an impossible dream, but education is a key part to your financial well-being. As with any big investment, diligent planning and saving is required.
   
   
10. Financial Planning Begins with Spiritual Values (2006-12-25)
    Many people assume that financial planning primarily deals with cold hard cash. Most financial planners would disagree. Financial planning is the process of aligning your financial choices with your life passions. And although financial planning can tell you how to accomplish your goals, it cannot tell you what your goals should be. Values transcend the cash and the numbers.
    
    
11. Ten Principles for Teaching Children about Money (2004-03-01)
    Every purchase, investment, or donation can be a time to teach your children something about your values.
    
    
12. Estate Planning for a Family Business Balances Three Roles (2004-09-27)
    Wise estate planning for the family businesses accepts, mentors and integrates others (family role); makes a profit and demonstrates objective professionalism in its decisions (business role); and plans for the inevitable - a successful transfer of ownership to the next generation (ownership role).
    
    
13. The Five Most Important Documents to Have (2002-09-06)
    Communicating honestly about your finances with your family and putting your estate in order passes on a legacy of foresight and financial wisdom that will help generations to come.
    
    

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