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Family Wealth Transfer

Experience and perspective on inheritance issues

Inter-generational wealth transfer is rarely a simple matter. Those who have built wealth are often concerned, and justifiably so, with the effects that inheritances can have on their children and grandchildren. In such situations, the experience and perspective of the professionals at Montecito Bank & Trust can be invaluable.

It's because we've been advising high net worth individuals and their families for many years, that we're accustomed to dealing with the issues that often can arise when substantial wealth is passed on. We've counseled blended families, mediated disputes, and provided heirs with a quick education on the responsibilities that accompany wealth. We also know exactly who to call when the issues at hand require the assistance of other professionals.

Transferring family wealth requires careful planning, as well as expertise in structuring the appropriate vehicles to accomplish the transfer in ways that make both you and the recipients comfortable. While we consider ourselves experts in this area, where we really excel is in helping our clients to draft estate plans that treat beneficiaries fairly while nonetheless recognizing and providing for their different needs. That skill, which can only be acquired through lengthy experience, is one of the many resources available to you at Montecito Bank & Trust.