Six Dimensions of Wealth: Leaving the Fullest Value of Your Wealth to Your Heirs

For a family’s wealth to offer its fullest value for the next generation of heirs, it must be accompanied by other family practices, capabilities and understandings. These also can be considered aspects of family wealth, in that each of them helps add value to the next generation. This article explores six forms of wealth that families can pass on to their heirs: spiritual, financial, human, family, structural and societal capital. It defines the practices that add value to each dimension and how financial planners can help family members add to their pool of family capital.