Help family members understand each other’s different behavioral styles which drive their unique life and financial perspectives. We seek to build a higher level of understanding, acceptance, and respect of these differences so that everyone can be who they are and happily co-exist in the family unit by adapting how they communicate and behave.
Ultimately, we want everyone in the family unit to be able to sit down at dinner and give thanks to each other.
Recognizing the Impact of Wealth Transfer on Family Members:
Wealth transfer is not just about what the giver of wealth wants. It is understanding the impact of wealth transfer on the next generations and what it will do to their lives. To understand the impact you need to know who they are in terms of talents, motivations, financial personality, and capabilities.
Customizing Plans Which Balance Relationships and Results:
The Family Continuity Plan (estate and investment plans) must be customized to meet the human and financial needs of the family members. A balance between preserving family relationships, allowing family members to live independent lives, and being fiscally responsible must be achieved. If the plan does not fit who the family members are it will ultimately break down.
Alignment of the Advisory Team:
The advisory team is an influencer on the family decision-making. Therefore, having the advisors knowing how to communicate with each family member in order to build greater trust is critical. Also, the advisors need to know the impact of their biases on the solutions they offer the different family members