by Keith Jacoby, CFP®, CIMA®  
CEO 

When people hear the term “legacy planning,” many assume it’s only relevant for ultra-wealthy families with private foundations and vast estates. But at Clarity Wealth, we believe that thoughtful, multi-generational wealth planning is something every family can—and should—engage in. 

Yes, proper estate planning documents are essential. Efficiently transferring assets to your loved ones and charitable causes matters deeply. But true legacy planning goes far beyond legal documents and tax strategies. It’s about preparing the next generation not just to receive wealth, but to steward it. We call this financial hygiene: the habits, mindset, and discipline that allow wealth to thrive and make a positive impact over time. 

Too often, families focus on the “what” of wealth transfer—what’s being passed down—without focusing enough on the “how” and “why.” At Clarity Wealth, we approach legacy planning with an emphasis on both education and empowerment. That’s why we work directly with the next generation to help them build investment plans of their own. This serves two essential purposes: 

1. It instills strong financial discipline and habits early. 
   When younger family members engage in the planning process—building their budgets, setting savings goals, reviewing investments, or understanding insurance needs—they begin to see wealth as a tool, not just a gift. They gain confidence, perspective, and clarity. 

2. It helps identify blind spots before the stakes are higher. 
   Whether it’s a gap in insurance coverage, a misunderstanding of tax rules, or a lack of clarity around long-term goals, early education helps surface and address issues while there’s still time to course-correct. This can prevent avoidable mistakes and reduce stress for both generations down the road. 

Our planning conversations often include foundational topics like portfolio design, estate planning basics, risk management, saving and spending policies, and even how to think about charitable giving. In many cases, this process also creates opportunities for deeper family connection, as values and stories—not just numbers—are shared across generations. 

Legacy isn’t just about leaving wealth behind. It’s about passing on the wisdom, tools, and values that will help future generations use that wealth with purpose and clarity. Whether you’re planning for your children, grandchildren, or a broader community, Clarity Wealth is here to help you build a legacy that lasts. 

If you’re ready to start this conversation with your family, we’re ready to guide the way. 

Wells Fargo Advisors Financial Network does not provide legal or tax advice. Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), Member SIPC. Clarity Wealth is a separate entity from WFAFN. CAR-0423-01262