The Mission Wealth
Insights Blog:
Family Wealth
The idea of having heavy or serious conversations with your family is something no person wants to think about. But as Louis Pasteur said, “Luck favors the prepared.”
Taking the time to discuss your long-term financial and care needs and set your family and your legacy up for generational success.
Why Family Governance Planning is Essential When Choosing a Family Office Wealth Advisor
Family governance planning is essential for preserving multi-generational wealth, fostering clear decision-making, and preventing financial disputes. Choosing a family office wealth advisor with governance expertise ensures long-term wealth preservation and...
Tips to Help Aging Parents Manage Financial Decisions
Helping parents manage their finances requires proactive, compassionate planning that considers their overall well-being while protecting their financial security.
How to Plan for The Kiddie Tax
What is the “Kiddie Tax” and how does it work? Find out how to plan for the Kiddie Tax in this blog article.
Avoid Common Estate Planning Mistakes
Estate planning is one of the more underutilized aspects of personal finance. Look out for these common mistakes.
Father’s Day Reflection: Timeless Lessons About Money from Dad
Kristen Taylor shares a few of her father’s favorite financial tips, and we organized them by age “buckets” in this article.
How to Marry Family Legacy with Estate Planning and Wealth Management
By focusing on your family’s values, you can craft an estate plan that honors your goals and wishes and ensures your legacy for generations to come.
Teach Your Children Well: Basic Financial Education to Help Lead into Adulthood
Explore practical tips for teaching children how to save money and make smart financial decisions that will benefit them for a lifetime.
Are You Giving to Charities and Not Using a Donor-Advised Fund?
Learn why donor-advised funds (or DAFs) are a common tool to connect the intention and your legacy behind philanthropic family strategies.
Holiday Conversations Lead to More Fulfilled Lives
By taking the time this holiday season to discuss your long-term financial and care needs, you set your family and your legacy up for long-term success.
5 Tips to Help Your Children Grow Their Money Skills
Being a parent can be hard but teaching your children financial literacy doesn’t have to be. Here are five simple tips to help your children grow their money skills.
Understanding Intra-Family Loans
You may have considered loaning money to a family member since there are several advantages of intra-family loans. Find out more in this blog.
Estate Planning for Your High School Graduate
It’s that time of year again when millions of students will be graduating from high schools all across the country. Although most of their parents will still think of these...
What is the Purpose of Money? Exploring the Longevity Effect
Money is an extremely important part of society that has always been surrounded by questions, myths, and misconceptions. It can be difficult to know how money works, who should have...
How to Help Manage a Child’s Inheritance
Regardless of the source of funds, many parents are grappling with the issue of how much money is appropriate for their grown child and how the funds can either enhance...
A Parent-Student Contract: Monitoring Your Kids in College
Ultimately, the student is responsible for their own success, but a parent-student contract can help keep them accountable and on track.