What does it mean to pass on “wealth and wisdom” together?

Beyond transferring assets, it includes communicating values, decision-making frameworks, and money habits so heirs can steward wealth responsibly.

How can I teach financial independence to the next generation?

Share age-appropriate responsibilities, model budgeting and saving, and involve heirs in philanthropic or investment conversations.

Should I discuss my estate plan with my family?

Yes—clear communication about goals, intentions, and roles reduces surprises and helps align expectations across generations.

What are practical ways to reinforce family values around money?

Create written family principles, meet regularly to review goals, and use shared charitable projects to practice stewardship together.

Wealth and Wisdom

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Wealth and Wisdom

Head of Wealth Management Steve Reder shares three strategies for passing on more than money to the next generation.

Helping your loved ones achieve financial independence requires more than just money. You can give gifts during your lifetime and pass on assets, but without the wisdom of how to grow and preserve them, that wealth may be short-lived. Steve shares his advice on how you can transfer your values along with your assets by following three easy strategies during your lifetime.