Involving the Next Generation in Family Philanthropy: A Crucial Aspect of Estate Planning
Family philanthropy is a multigenerational legacy that fosters a culture of giving and social responsibility within families. Involving the next generation in family philanthropy is more than a noble endeavor; it is a strategic component of estate planning that ensures the longevity and impact of philanthropic efforts. By integrating younger family members into the philanthropic process, families can preserve their legacy, instill values of generosity, and adapt to evolving societal needs. In today’s article, we shall discuss the importance of including the next generation in family philanthropy and offer practical ways for incorporating this into estate planning.
