I am shocked at how many of our clients do not have a working knowledge of the financial circumstances and legacy goals of their parents. Nor have many of my clients shared any of their wealth plans with their adult children. Sure, many of our clients hold regular family social gatherings, meet for the holidays or have reunions and even participate in family business partnership meetings, but that is where it ends.
I propose one way to remedy this information void is to hold formally structured family meetings. In addition to opening lines of communications between generations these meetings can …Read More