PBJ, ham and cheese, roast beef. While these all sound delicious, these are not the kind of sandwiches we are talking about.
Individuals who are in the stage of life where they are working hard to provide bright futures for their children, while also caring for their aging parents or loved ones, are called the sandwich generation. Many people in this generation bear enormous burdens financially, physically and emotionally to fulfill their family obligations.
We work regularly with our clients to understand sound planning for children and minors, connecting them with the right financial tools and drafting estate planning provisions to allow young children to have a successful life. At the same time, we work with our clients to understand what their options are in working with their parents as they age. We focus on protecting assets, maximizing parents’ accessibility to government funding and services, and ensuring that our clients have the proper authority to act on a parent’s or loved one’s behalf when necessary. Sometimes, this means transitioning business interests, selling assets, and moving residences, which can be major tasks. Proper planning often opens up resources that most people are not aware are available to them and makes the sandwich phase a little less pressing for our clients.
We welcome the opportunity to discuss your multi-generational planning needs.