Use this page to understand the idea, connect it to asset structuring, and continue into the next relevant ASC learning resource.
When wealth flows from one generation to the next, tax can interrupt the flow at multiple points.
Family capital
Family wealth
Next generation
The metaphor
Tolani Flow® materials describe family wealth like water: a lake creates a river, the river joins an ocean, and the ocean becomes the next generation’s lake. The danger is that the ocean shrinks during transfer.
Three visible tax points
Inheritance or estate taxes, gift taxes and capital gains taxes are common examples of taxes that can reduce the ocean of wealth when assets move, are gifted or are sold.
Advisor lens
Do not start with tax claims. Start by helping the client see where a transfer could create friction and where professional advice is required.
Questions to sit with
- Where does wealth flow today?
- Where could taxes interrupt that flow?
- What assets may be sold by the next generation?
Draw the family’s wealth flow from creator to next generation.
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