For centuries, families have pursued more than a stock portfolio. It’s about creating long-term security. Joseph Plazo, a lawyer and wealth strategist, emphasizes that creating generational wealth is not an accident—it’s the result of planning.
Step One: Creating the Capital
You cannot preserve what you have not built. Joseph Plazo advises investing in appreciating assets.
Consider this: Wealth began not from wages, but from ownership.
Protecting Wealth from Erosion
Wealth experts agree that 70% of wealthy families lose it all by the second generation. Why? Because heirs are often unprepared.
Joseph Plazo argues, preservation requires legal structures such as trusts and foundations. These tools protect wealth from lawsuits, taxes, and family disputes.
Passing on Values, Not Just Valuables
What separates the Vanderbilts from the Rothschilds? Not just numbers, but culture.
Joseph Plazo emphasizes, creating generational wealth means educating children in financial discipline. It is the secret ingredient in every dynasty.
From One Lifetime to a Hundred Years
Generational wealth is not just cash—it’s continuity.
Joseph Plazo recommends codifying rules into family offices, trusts, and succession plans.
That way, your great-grandchildren benefit from your vision.
Why This Matters Now
With markets shifting faster than ever, creating generational wealth is both a challenge and an opportunity.
In the words of Joseph Plazo, “Generational wealth isn’t about you—it’s about who comes after.”
And get more info that’s the heart of it: creating not just money, but meaning.