Th%20(1)_previewIt might be best if one person coordinated the advisors working for a wealthy person.

If you have considerable wealth, it might be a good idea to get a variety of opinions but it also might be a good idea to hire someone to help you manage it all, according to Forbes in "Estate Planning For the Ultra Wealthy – The Role of A Family Wealth Advisor."

You have financial advisors. You have business consultants. You have accountants. You have estate planning attorneys. You have business attorneys. You have a lot more than that.

It can be difficult to keep all of your advisors coordinated and all working toward the same goals.

The advice you get from the different advisors can be contradictory.

The idea of a wealth advisor is fairly simple.

Estate planning attorneys who have the expertise to plan how wealth can be transferred down within families for generations can also act as wealth planners. They coordinate the activities of all of the other advisors and make sure the wealthy client's ultimate estate planning goals are always kept in mind.

Estate planning attorneys can make sure that the other advisors are all working toward the one ultimate goal.

Not everyone needs a wealth planner but an estate planning attorney can advise you on creating an estate plan that fits your unique circumstances.

Reference: Forbes (Aug. 29, 2017) "Estate Planning For the Ultra Wealthy – The Role of A Family Wealth Advisor