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Why place so much significance on a first conversation often held in a conference room? Because the succession of financial stewardship within families has a 70 percent failure rate. But, how to preserve multi-generational wealth can be planned and taught—so the cycle can be broken.Context, framing and preparation are essential elements in ensuring smooth financial succession. Intentional, pre-inheritance experiences should be provided for heirs on a regular basis. We suggest families open conversations with heirs using a meeting structure we call “Family Alignment.” Here, families gather to discuss their purpose, the value of maintaining unity and the resources they will need to support this.

Source: The Most Important Moment In A Rich Kid’s Life


If attacked, do you want to be Victor or Victim?
At
SacredHonor.US, we hate it when people die embarrassed.
And at
Protect.FM, we believe good estate plans protect families.
We make it easy for your family to attain the comfort of skill at arms.

David R. Duringer, JD, LL.M, is a concealed firearm instructor and tax lawyer specializing in business and estate planning; licensed to practice law in the states of California and Washington. He is managing shareholder at Protective Law Corporation, serving Southern California from its Laguna Hills (Orange County) headquarters and satellite offices in San Diego County (Coronado and Carlsbad).

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