Most families fail to transfer their wealth to the third generation. To help your clients successfully pass down their assets and legacy, you need to help your clients communicate with their families. And you need to develop a connection with their families to help them reach their goals. Today, the old school wine and dine approach won’t work. This is where an ongoing family dialogue with you as the facilitator comes in.
Understand your clients and their family member’s anxieties and attitudes toward talking about end of life and wealth transfer. Discover what topics they are most willing to talk about and which are uncomfortable. With the personalized insights Legacy Foundry provides, you are prepared to facilitate a productive dialogue with the whole family.
Become the unbiased, credible advisor that your clients and their heirs trust to have their best interests at heart.
Legacy Foundry gives you the insights to get them talking about what matters.
With Legacy Foundry you will build relationships with your clients and their families. You will create successful wealth transfer through family meetings and ongoing dialogue. You will ensure your client’s end of life wishes are communicated and met.
You will grow your book of business while helping your clients successfully transfer wealth.
Legacy Foundry helps families rekindle and strengthen relationships, as members create a joint plan of action for their final days. Users may construct personality profiles, share stories, and use discussion guides to help forge a coherent, unified, and secure vision for the last phase of life.
Legacy Foundry has performed extensive research on the pitfalls and even opportunities presented by a serious hospitalization, passing, or need for long-term care. Guided exercises and instructional videos help users navigate challenging conversations and difficult relationships to create a family strategy everyone can rely on.
All users perform thought exercises to identify core values. Commonalities with other family members’ values are used as the basis for productive communication, even with difficult relationships.
Legacy Foundry provides rock-solid digital storage where users can share ideas and memories, protect documents, and facilitate productive communication. As life advances, your family strategies may change, and we make it easy to ensure your loved ones are kept abreast of any evolution in your plans.
Legacy Foundry helps families strengthen, rekindle, and even establish relationships across generations, building a response framework for medical emergencies or a death in the family.
Each member may construct a personality profile, share stories, and access discussion guides to find common ground and forge a coherent vision for the last phases of life. Shared decision-making between family members is emphasized, and an iterative process is encouraged through innovative education modules, philanthropic exercises, and joint money management tools.
Legacy Foundry has compiled and summarized research on the pitfalls and opportunities presented by a family member's serious hospitalization, passing or need for long-term care.
Exercises and instructional videos help our users navigate difficult conversations and challenging relationships. Optional educational modules address issues like financial literacy and help our users rank legacy priorities, steer difficult conversations, and navigate challenging family dynamics.
All users perform thought exercises to identify core values, and commonalities with other family members' values are used as the basis for productive communication.
From the outset, members are guided through important thought exercises to identify a path maximizes meaning and purpose. These findings can provide fertile ground for conversations with family about risk and how specific changes in health should affect their medical, fiscal, and legal activity. Advisors can be included in this process and provide targeted support where needed.
Legacy Foundry provides a secure environment where users can share thoughts and memories, safely store legal documents, and engage in shielded communication.
While there's significant guidance included in the Legacy Foundry process, it remains a highly personlized process, and members are encouraged to communicate and cooperate at their at their respective comfort levels. Privacy controls are simple and powerful, allowing members to provide or deny individual access to their module results and legal documents, including contingent privacy settings triggered by death or incapacitation.
Personal and family values are important determinants in planning an estate, creating advance directives, and shaping the legacy your clients will leave behind. Identifying core values is an important first step in becomes an important step in the decision-making process, and this quick exercise can help your clients zero in on the things that really matter to them.
Legacy Foundry was the brainchild of Legacy Foundry CEO Sean Kennedy’s team at the 2018 1O.1O.1O Health program. A startup generator focused alleviating social pain points, this 10 day program selected 10 entrepreneurs and challenged them to work on 10 wicked problems in healthcare. Kennedy’s team was drawn to the problems arising from our cultural reluctance to talk about death and dying. These issues costs us billions of dollars each year. They damage family relations, derail the wishes of millions, and prevent us from making the most of our final days. Legacy Foundry is building full-featured virtual space to facilitate and support discussion of this oft-avoided topic.
Sean Kennedy loves the startup world. He spent the majority of his career trying to solve the unique problems that only new companies seem crazy enough to attempt. In May of 2018, Sean was invited to join 10.10.10, a social impact organization that brings 10 seasoned entrepreneurs together for 10 days to work on 10 wicked problems. Sean chose to focus on our unwillingness to have the conversation around death and dying. Those 10 days and that problem germinated into the idea that has become Legacy Foundry.
Sean spent the previous seven years working on healthcare workflow solutions with Aventura Software as director then VP of engineering. Prior to Aventura, Sean was CEO and founder of an Internet EDI company providing supply chain services to retailers. Prior to that, Sean was CEO of a video game development studio. One of his earliest professional experiences was as an R&D engineer building sales force automation for big pharma in the mid-90s. The sale of that company is what got Sean hooked on the entrepreneurial world. He now takes any opportunity he can to apply his knowledge and experience to fun, challenging problems.
Questions, ideas, or critical feedback? Share them here, and we’ll get back to you promptly!