Getting Off the Fence: A Dynamic Wealth Transfer Strategy to Solve the Procrastinator’s Dilemma

Abstract

Wealth transfer does not have to be an all-at-once proposition. The authors have found that by approaching it as a dynamic process, with strategies that emphasize flexibility and control as markets and families change, they can help individuals overcome some of the most common fears regarding their wealth and their future. Further, by quantifying the costs of procrastination in a highly systematic way—considering both real costs and opportunity costs—the authors can help individuals make the psychological leap to implementing their strategy.

TOPIC: Wealth management