Opening Up The Kimono: Helping families address the challenges of inherited wealth

November 2010

Opening Up The Kimono:
Helping families address the challenges of inherited wealth

In a society that talks freely about sex and death, talk of money may be the last taboo.

Children don't want parents to think they are looking forward to inheriting; parents don't want children to take the money for granted and become entitled; family members may feel resentful about decisions.

Family conversations about money are rarely easy - or comfortable. Helping families talk about wealth is where Federal Street Advisors plays one of its most valuable roles.

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We will never forget the prospect with an estimated $500 million of net worth who replied to his son's remark that "we are rich." "Wrong,"said the parent to his son,

"I am rich. You are not."

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FEDERAL STREET ADVISORS www.federalstreet.com 617-350-8999
Providing conflict free investment consulting and wealth advisory services to individuals and nonprofits, with particular expertise in: Customized Portfolio Design, Alternative Investments, Socially Responsible Investing, Philanthropy, Endowments & Foundations and Working With Complex Families.