Building and maintaining generational wealth involves creating a watertight plan for the transferal of assets, outlining precisely how wealth is to be handed down to the next generation. Read more: https://tawandavis.wordpress.com/2023/12/18/building-generational-wealth-through-real-estate/

1. Tawan Davis
What Is Generational Wealth and How Can
Families Create and
Protect It?

2. 2
What Is Generational Wealth
and How Can Families Create
and Protect It?
Building and maintaining generational wealth involves creating a
watertight plan for the transferal of assets, outlining precisely how
wealth is to be handed down to the next generation.
According to facts and figures shared in
‘The State of U.S. Wealth Inequality’ report
published in the first quarter of 2023, the
current generational wealth gap means that
millennials and Gen Zers own 69 cents for
every $1 owned by Gen Xers at the same age
and 72 cents for every $1 owned by baby
boomers at the same age. This means that
building generational wealth is more im-
portant now than ever before.
Generational wealth is any type of asset
that is passed down generation to gen-
eration. A prime example is real estate,
although other types include cash, stocks
and bonds, investment funds, and busi-
nesses.
The key to building generational wealth is
long-term investment, with incremental
sums adding up over time to create a signif-
icant financial cushion. A smooth transferal
of generational wealth calls for a compre-
hensive legacy strategy, providing a clear
outline of how wealth should be invested
and distributed, and identifying heirs to be
entrusted with assets.

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4. TAWAN
DAVIS
You can learn about the Steinbridge
Group and its goal of helping tenants to
build generational wealth by visiting the
blog of Tawan Davis.