Overview

Does your family know what to do when you are gone? Most families with real assets believe their estate is handled. The will was signed. The beneficiaries were named. The attorney was paid. What they do not know is that the will names a deceased spouse as executor. The beneficiary designation on the retirement account still lists an ex-spouse from a marriage that ended fifteen years ago. The trust was drafted and filed but never funded. None of this will be discovered until after the death, when there is no longer any time to fix it. This is not an edge case. It is the norm. Family Money is the practical guide for families with a net worth between $250,000 and $3 million who want to protect what they built and pass it to the people they intended, without losing it to legal fees, family conflict, or administrative chaos. What this book covers: Why 85% of wealth transfers fail due to poor communication and unprepared heirs, not taxes, and what to do about both The beneficiary designation errors that override wills and divorce decrees and cannot be corrected after death How a child's divorce can pull inherited family wealth out of the family entirely, and the structures that prevent it The real estate and small business succession problems that destroy family relationships when no specific plan exists How to have the family money conversation before it becomes urgent The five inheritance conflict patterns that are predictable and preventable The four behaviors that destroy generational wealth within a single generation Also includes a complete inventory worksheet, beneficiary audit checklist, first-90-days action plan, family wealth plan template, and a plain-English glossary. The families who successfully pass wealth across generations do not have better attorneys or better investments. They have better preparation. This book is that preparation. WILLIAM H. CRAWFORD practiced business and estate planning law for a decade before leaving traditional practice to focus on consulting and writing.

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