US: +1.855.5DR.LAMI (1.855.537.5264)    /   UK: + 44.7400.666.951

Connect

US: +1.855.5DR.LAMI (1.855.537.5264)    /   UK: + 44.7400.666.951

Connect

Estate Planning & Wealth Transfer Program

$1,600.20 – $2,286.00

Successful wealth transfer is one in which the assets are transferred smoothly and efficiently, with minimal disruption and loss. We have all witnessed how relationships can be stressed and hurt when financial affairs are perceived by one side or the other to be unfair; how communication breaks down; how resentment can burn deeply…

During my career I have often observed the harmful ramifications of poor estate planning on the success of transferring wealth to the next generations. I have seen too often its negative effect on beneficiaries’ wellbeing and relationships when these soft issues were not considered.

Before you start your estate planning process, I strongly encourage you to get this workbook and go through the process it describes. It will help you to understand the emotional and psychological forces underpinning the decisions you need to make. It will help you to become clearer about the subconscious forces driving the decisions involved in creating the content of legal and financial instruments.

For more information, please read the longer description below.

IMPORTANT NOTE:

Please be aware that once you purchase this product, we will email you:

  1. A welcome email requesting you to schedule your 1st consultation with Dr Lami;
  2. The first 2 segments: Introduction & Part I.

Only AFTER you complete Part I and your first virtual consultation with Dr Lami, we will email you Part II of the workbook. Thereafter, you will receive each subsequent part only upon completion of the previous one, until you complete all parts and all consultations.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following:

  • Once this product is purchased there is no refund policy
  • You may print or download to a local hard disk extracts for your personal and non-commercial use only.
  • You may copy the content to individual third parties for their personal use, but only if you acknowledge the website and/or Dr. Ronit Lami as the source of the material.
  • You may not, except with our express written permission, share, copy, use, distribute or commercially exploit the content. Nor may you transmit it or store it in any other website or other form of electronic retrieval system, besides what is described above.

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We all know the saying riches to rags in three generations. Research shows 70% of families fail to sustain their family wealth or family business. It is found 5% is due to poor financial education and 95% of it is due to poor planning, breakdown in communication and trust, and unprepared beneficiaries. Hence, to ensure successful wealth transfer parents much consider the human aspect of the process.

Estate planning is both a practical and emotional process. It evokes various feelings and highlights our mortality, our relationship with money, our children and ourselves. The complexities of estate planning require many different aspects to be the considered − dividing assets, evaluating tax liabilities, forming trusts, etc. − during which the emotional aspects are often pushed aside or overlooked, whereas they deserve as much attention as the legal and financial ones. This is essential to prevent hidden emotional currents sabotaging the process and the decisions around it.

There are several key factors that can contribute to a successful wealth transfer: planning, communication, documentation, diversification, and professional guidance.

Nonetheless, there are several hidden emotions, behavioral patterns, and questions that I believe hinder the estate planning process. These emotional currents usually revolve around 5 key issues:

  1. Who has control?
  2. Do you protect or over-protect?
  3. Do you focus on equality or fairness?
  4. What is the appropriate age to inherit?
  5. Do you inform children/beneficiaries and if so, how and when?

This document will help you gain clarity about the answers to these questions and how to handle the soft issues surrounding your estate planning process.

Who should use this document?

Anyone who is considering, or will be involved in the future, with:

Setting up a trust, writing a will, or is occupied with the estate planning process.

  • A couple in establishing the foundation of their relationship with regards to important values, principles, finance and the future of their family.
  • Provide parents the opportunity to express their own thoughts, which facilitate self-examination of the rationale behind their decisions.
  • Allowing grandparents (or parents) to share their life-long lessons, principles, and values with the future generation.
For more information, please READ MORE HERE

Estate-planning is fraught with emotionally charged decisions. As a general rule, financial considerations, especially the tax aspects, tend to dominate estate planning. However, financial priorities often conspire against the emotional well-being of beneficiaries. It is common wisdom that leaving the maximum amount of money is the single most important goal. Yet sometimes how wealth is passed on has far more impact than how much is given.

Parents and professionals are often moving into new and unknown territory when they start to consider the psychological dimensions of estate planning. And no general guidance is available to help explore the feelings that are triggered by this process.

Planning your estate is an opportunity to look carefully at what there is to give, not just in terms of financial wealth but emotional and spiritual wealth too. It is a unique opportunity to understand the ramifications of what is bequeathed.

Usually, an estate planning process consists of 4 segments:

  1. Perhaps the most important one is the creation of a document that distills the emotional and psychological forces driving the decisions in the other segments. This involves understanding your own relationship with money, your upbringing and how it has impacted your life, and the choices you have made controlled by your unconscious drives. In other words, determining the beliefs, attitudes and behaviors formed somewhere in your past but of which you are no longer consciously aware. This should be the starting point.
  2. Creation of the legally binding document that determines who inherits the physical property and how the assets are distributed.
  3. Creation of a document addressing end-of-life health care preferences, including how you wish to be cared for in the eventuality that you are unable to communicate or make such decisions for yourselves.
  4. Creation of a document that describes the legacy for the continuing generations of the family, which includes the values and beliefs that you wish to pass on.

Before you start your estate planning process, I strongly encourage you to get this workbook and go through the process it describes. This document will help you gain clarity about the answers to these questions. It will help you to understand the emotional and psychological forces underpinning the decisions you need to make and become clearer about the subconscious forces driving the decisions involved in creating the content of legal and financial instruments.

Please be aware that due to the nature of this process some of the questions can be uneasy or difficult to answer. Your consultation with Dr Lami will help with it. Most clients have felt empowered and benefited from it.  We are just an email away for general questions: drlamipa@gmail.com

We are looking forward to hearing from you.

Product Contents:

This document includes 7 parts:

PART I: Exploring Core Money Believes

PART II: Challenges of Estate Planning

PART III: Spiritual Beliefs & Attitudes

PART IV: Exploring Core Principles/Values

PART V: Exploring Core Principles

PART VI: The Family Mission Statement

PART VI: The Family Legacy

PART VII: Final thoughts

 

How do I use this document?

Extensive explanation is included in the workbook. However, there are 7 parts to it. In each part you are invited to express your ideas, thoughts and beliefs on various subjects related to the non-financial aspects of wealth transfer. The intention is that by answering these questions your heart and mind (your emotions and logic) will find alignment. This will allow for better clarity and will elicit balanced decisions regarding your estate planning process.

The workbook is designed to help you explore, clarify, and understand the conscious and unconscious aspects involved in estate planning, so that these aspects do not undermine your decision-making and risk emotional harm to your beneficiaries.

Wishing you much success in your estate planning and wealth transfer process.

I am here to answer any question you may have,

With my thanks,

Ronit Lami