Transfer wealth

Many parents recognize the importance of building a sustainable legacy but don't know how to begin. They want to create lasting wealth for their family, pass on cherished values, find meaningful careers for their children and make an enduring contribution to their communities. But finding the right balance among these objectives is a major challenge.

Building a lasting legacy
For more than a century and a half, J.P. Morgan has helped wealthy individuals and families achieve lasting legacies. These are some of the lessons we've learned:

• An early start: It's virtually never too soon to begin conveying to children the meaning and responsibilities of wealth.
• Objectivity: Children aren't necessarily endowed with the same strengths as their parents. If you own a family business, successors should be chosen on merit - not on age, gender or favoritism.
• Candor: It can be a mistake to keep children in the dark about family wealth under guise of giving them a "normal" childhood. Wealth is not a disease.
• Discipline: Before joining the family business, children should be encouraged to try something else.
• Philanthropy: Establishing a family foundation often keeps a sense of family purpose alive.

A unique perspective on legacies
In addition to helping you create a plan to transfer assets tax efficiently to the people and causes you favor, we can advise you about the equally important challenge of building a sense of partnership with family members in succeeding generations.

Contact a J.P. Morgan Advisor to learn more about J.P. Morgan's wealth transfer services. Alternatively, you may contact any J.P. Morgan office.