Generational Planning Services
Harbor Lights Financial Group planning services offer clients a commitment to the sound advice and strategy necessary, including for generations of a family, to be well cared for. And because we have no obligation to sell any specific financial product, you can trust that we will only recommend those investments or solutions best suited to our family client.
What is Generational or Multigenerational Planning?
Generational or multigenerational planning is like estate planning, with a focus on managing the distribution of assets in the event of one’s death or incapacitation; however, it is not a simple one-way transfer of assets. Generational planning not only places its focus on the next generation but their children and maybe even living elderly members of the family. Planning of this nature may ensure that immediate children receive the benefits of a life’s work, but it can also include how to do the same for their children.
In many families, the interests or needs of different members vary and overlap. When money is separated from one generation to the next, multigenerational planning may even be MORE necessary. For example, a grandparent may wish to support their grandchildren’s college needs. Grandchildren may one day have to support the care of their grandparents. In the event of an unexpected death, then discussions about whether or not a spouse can carry on alone should take place. Are all beneficiaries capable of handling an inheritance? There are many scenarios, but ultimately this is a plan for how one legacy can support generations of family.
Why Harbor Lights Financial Group for Generational Planning Strategies?
In the early 1990s, Harbor Lights Financial Group was founded to offer strategies for our client’s most demanding life problems through sound financial advice and care. We offer our expertise to local Manasquan, Wall, and surrounding NJ community investors. Services may include wealth management, retirement planning, estate planning, life insurance strategies, philanthropic planning, executive planning, business exit planning or planning for business executives, and much more!
We are also a team of advisors and CERTIFIED FINANCIAL PLANNERS™ (see below)— professionals who help people like you with customized strategies designed to enhance and/or preserve your assets for retirement. We work to realize your financial goals, empowering you to enjoy the freedom that brings.
Robert Tendler, Managing Partner – CFP® CLU
Jonathan Shippee, Senior Wealth Advisor – MBA CFP®
Douglas Lockwood, Managing Partner – CFP®
David Scureman, Partner – MBA CFP®
Kenneth Roberts, Managing Partner – CFP®
Trust services are available through banking and trust affiliates in addition to non-affiliated companies of Wells Fargo Advisors. Wells Fargo Advisors and its affiliates do not provide legal or tax advice. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.
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If you have any questions, Please Contact Us Today!
