Estate planning for multi-generational families is like creating a financial tapestry that weaves together the needs and goals of different generations. It’s about planning for grandparents, parents, children, and potentially even grandchildren, and ensuring the estate plan addresses the needs of each generation while promoting family harmony. Think about generation-skipping trusts, family limited partnerships, and family meetings to discuss estate planning goals and values. Imagine different generations having conflicting estate planning goals – intergenerational tension! This type of planning aims to create a cohesive estate plan that benefits the entire family across generations. The twist? Multi-generational estate planning is often about fostering family communication, shared values, and a sense of legacy that extends beyond individual lifetimes. It’s about building a lasting family legacy together. Actionable Takeaway: Families are multi-generational, and estate planning can be a way to strengthen family bonds and promote shared values across generations. Open communication and family meetings can be valuable tools for multi-generational estate planning. Maybe discuss family history and values with your family – it’s a great way to connect across generations.