Up to 70% of estate transitions fail to thrive with every generation.
Research shows this failure is not caused by bad planning or technical reasons but rather by the “soft stuff”: communication, trust, heir preparation, and a lack of family mission.
Adding to this problem, a full 80% of the wealthy are the first generation to be wealthy, so oftentimes the challenges of wealth catch us by surprise – because what’s so wrong about more, right?
The reality is that wealth is like fire: it can cook your food or it can burn your socks off. When family and money collide, more often than not, the sparks fly.
But it doesn’t have to be that way. We’ve found that three factors help lessen the “curses” of wealth and help amplify the blessings:
Having a specialist – or guide – who’s been there before and can help you navigate these problems.
Connections with peers who can relate, commiserate, and share ideas.
Access to the right resources so you can see how others in your position have handled these issues with success.
On this site, you’ll find resources for navigating family when you have more than enough. We’ll stay free of technical or financial implementation and stick to the relational and family dynamics.