Family Legacy Planning Service

A service that aids families in creating comprehensive plans for wealth transfer and family legacy building, including emotional and financial elements.

Subscription-based service or one-time consulting fees

Problem Solved

Families often struggle with effective communication about wealth distribution and values, leading to disputes and misunderstandings. Existing estate planning services typically focus solely on financial assets, overlooking the importance of emotional and ethical legacies.

Skills Required

Estate planning expertise, counseling skills, conflict resolution, project management, and financial literacy.

Why this works now

The rise of online estate planning platforms, such as Trust & Will, allows families to access tools for creating comprehensive legacy plans from home. A viable first-revenue move is to partner with local chambers of commerce to offer workshops on family legacy planning, attracting clients while providing valuable education. However, founders should consider the labor intensity involved in delivering personalized consulting services, which requires significant time and expertise to ensure effective communication and resolution of family dynamics.

Where this idea came from

Podcast: My First Million

Episode: Q&A: Gut punches, favorite guests, plus advice for life

Aired:

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