Building Generational Wealth for Black Families: The Power of Estate Planning

At Trust Her Hub, we believe in the power of estate planning to secure and build wealth for generations to come. It’s more than managing assets; it’s about crafting legacies that last.

Talking about wealth isn't just about money—it's about legacy, empowerment, and resistance. At Trust Her Hub, we're dedicated to turning these conversations into action through smart estate planning.

Why Estate Planning is Crucial
Estate planning is more than deciding where your assets go after you're gone. It's a critical tool for financial empowerment and building generational wealth. Yet, it's often overlooked in the Black community due to historical barriers and a lack of accessible information.

Understanding Estate Planning
Estate planning involves organizing your assets (like your home and savings) and passing them on to the next generation according to your wishes. This process includes making a will, setting up trusts, and more. It's your strategy for ensuring that your hard-earned wealth continues to benefit your loved ones and supports future generations.

5 Steps Every Family Can Take

Make a plan:

Start by defining what you want to achieve with your assets. Who will inherit them? What valuables and values do you want to pass along?

Organize your assets:

Know what you own and what you owe. This clarity is the first step toward effective management.

Draft legal documents:

Draft legal documents: A will is essential. It ensures your wishes are respected and provides clear instructions for handling your estate.

Educate yourself and your family

Financial literacy is key. Learn as much as you can and share that knowledge with your family.

Engage in conversations:

Talk about estate planning with your family and community. It's a powerful way to spread awareness and encourage others to plan.

Why It's About More Than Just Money

For Black families, estate planning can be a form of economic activism. It's how you protect your assets from being diminished through taxes, legal fees, and mismanagement. It's how you ensure that your wealth does more than just last—it grows and uplifts the community.

Let's Build Lasting Legacies
Estate planning isn't just about what you leave behind—it's about the foundation you lay for future generations for Black economic empowerment. According to Brickson Diamond, Black Americans are missing out on the most significant wealth transfer in history (CNBC, 2022).

So knowing the benefits of estate planning is one thing, but actually setting setting it up and protecting your family is another thing. But don't worry, we're here to help.

Your Estate Prep Checklist

A will isn’t enough—your family still won’t know where to start when the time comes.

Estate planning checklist to help you prepare your estate for your family.

Download The Checklist

Additional Articles

Next of Kin Plan™ Launches, Helping Families Get Estate Ready

I'm Kay, I have a family too

I understand not knowing where to start—I've been there. But waiting comes at a cost, leaving your loved ones unprepared.
A will or trust isn't enough. Without clear instructions, your family is forced to figure things out during a crisis. That's exactly why I created DERIGO—a platform designed to guide families step-by-step to end procrastination and get prepared.
👉 An estate plan is only valuable if your family knows how to act on it.

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