The Notorious BIG famously wrote, “Mo’ money, mo’ problems.” The same can be said for longer lifespans: the older we get the more likely medical intervention is.

The American Cancer Society’s most recent statistics indicate one in three people will get cancer in their lifetime. Preventative measures may be taken. However, nothing regarding health and wellness creates 100% certainty. Assuring access to world-class healthcare—before its needed—is the latest component intelligent investors are adding to their estate planning strategy.

Reason #1 – It’s not in the client’s best interest to pay for advisers 24/7.

Gaining an informational advantage is how wealth grows, right? True. There are top tier advisers paid to do high level analysis on a fulltime basis. Warren Buffett employs such a group. But not even multi-billionaires are likely to require the time and expertise of ALL the experts they employ 40 hours every single week. The hedge to staying wealthy is have experts available—when you need them.

The last decade brought unprecedented change across the tech industry globally. New York, a key city for several industries including finance, fashion, and art participated in—but by no means dominated—the tech world. However, for investors with the foresight to get involved now, staying connected to the burgeoning tech market across New York City will be an asset.

The combination of tech talent, capital both onshore and offshore as well as being in the world’s financial capital, is creating a rival to Silicon Valley—and the world does not seem privy to this—yet.

A moment can change everything.

Whether it’s an illness impairing judgment, an accident or unforeseen tragedy, thinking about life’s worst curveballs (never mind preparing for them) isn’t always on an investor’s radar. But not planning for them can be far worse—especially for those who’ve spent a lifetime accumulating and building their wealth. The Alzheimer’s Association reported that one in three seniors dies with Alzheimer’s disease or another form of dementia. According to a 2015 Rocket Lawyer estate planning survey by Harris Poll, 64 percent of Americans don’t have a will.

Families who employ irrevocable trusts do so for multiple reasons, chiefly lessening tax burdens when wealth is passed to heirs. Modifying an irrevocable trust used to involve lengthy, potentially costly, time in court. Depending on how recognisable the family name was, unwanted media attention could ensue. Decanting a trust today is not done in court, costs a fraction of what it used to and allows for an air of discretion and privacy.

Circumstances can change in an instant and electronic security, now more than ever, is an important step to take in thorough planning. If the head of a family’s health fails, their spouse has an accident or they simply find themselves out of the country in need of medical attention, how can families make wise decisions and access sensitive, often confidential information quickly?

Families who maintain and grow their wealth generation after generation take a multi-disciplinary approach to wealth management. While there is no “one size fits all” rule, these fundamentals are worth noting:

The first area, growing, preserving and transferring wealth, is generally well known.

Baby boomers and elders (those above 76 years of age) were surveyed in the Allianz American Legacies Pulse Survey and assets were not found to be the most important inheritance going to heirs. Rather, learning and embodying the values of the family was viewed as far more significant.

“Honesty is the first building block of any framework or structure that you are going to offer your family. Make sure the adviser works only for you and your family. Having the adviser receive compensation from any other source anywhere is a prescription for disaster, meaning conflicts of interest.”

Conservation easements are at times misunderstood; however, it’s worth investigating your eligibility.  If an easement is appropriate for your property, you can preserve American green space, create a legacy, protect your property’s ecosystem and reap the benefits of a substantial tax savings.

Legally binding obligations that limit a property’s future use, conservation easements often protect biological, ecological, scenic, and historical resources.  In addition they can serve as public parks.  The way it works is a conservation easement limits commercial and industrial use, restricts or prohibits development and curbs other activities on the property.