Three Essential Estate Planning Considerations For The Ultra-Wealthy
As wealth increases, so does the complexity—and significance—of getting estate planning right. A well-structured estate plan is more than just a financial tool; it’s a means of perpetuating Godly stewardship principles across generations.
Through 25 years of guiding families in crafting thoughtful estate plans, we’ve identified three key considerations that ultra-wealthy families should keep on their radar:
1. CONSIDER INCLUDING CHARITY AS A POTENTIAL BENEFICIARY IN FAMILY TRUSTS
Estate planning language can last for multiple generations. And in many cases, large inheritance pools tend to grow even larger over time. Without careful planning, family trusts may unintentionally restrict charitable giving because most trusts follow standard HEMS (health, education, maintenance, support) provisions—which exclude gifts to charity.
To preserve a legacy of generosity, many Corus families intentionally include charity as a potential beneficiary in their trusts, often making the allocation optional through a power of appointment. This simple yet strategic inclusion empowers future generations to give, keeping Kingdom impact at the heart of family wealth.
2. CAREFULLY DEFINE “POWERS OF APPOINTMENT”
One of the most overlooked aspects of estate planning is the range of discretion given to heirs regarding the distribution of family assets after their passing. This discretion is governed by powers of appointment—a crucial detail that can shape a family’s financial legacy for decades.
Ask yourself:
- Should your surviving spouse have the ability to alter your original estate instructions?
- Should family assets remain strictly with lineal descendants, or should they extend to stepchildren or other relatives?
- What happens if a child marries someone who already has children—will they be included as beneficiaries?
The presence or absence of certain powers of appointment determines the answers to these questions. Being intentional about these details ensures that your wealth is stewarded according to your values and vision.
3. COMMUNICATE YOUR INTENTIONS CLEARLY
Even the most meticulously crafted estate plans can lead to misinterpretations or disputes if heirs are left guessing about their true intent. Complex estates, in particular, require clarity beyond just the legal documents.
When appropriate, proactively discussing your estate plan with your heirs—both verbally and in writing—can prevent misunderstandings and ensure that your family’s legacy is carried out as you intended. Open communication fosters unity, strengthens generational bonds, and provides a shared understanding of the responsibilities that come with wealth.
BUILDING A LEGACY THAT ENDURES
At Corus, we work closely with families across multiple generations, helping them avoid common estate planning pitfalls and ensure that their wealth serves its highest purpose. By proactively structuring, communicating, and executing estate plans, we help families preserve their legacy, strengthen relationships, and make a lasting Kingdom impact.
