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Family Governance:
The key to successful wealth transition
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As every seasoned advisor knows, the most challenging aspect of our work is often the "softer" side - helping our clients navigate the complex family relationship issues associated with wealth.
The fact is that all families have disagreements and conflicts - and wealth can exacerbate these conflicts. Because wealth often creates shared assets, joint decisions are required. And not infrequently, the children of wealth may not be as financially motivated as were earlier generations.
In a new white paper, authored by Federal Street's Director of Financial Planning John Przybylski and Principal Charlie Walsh, we will explore some of the strategies that we and other advisors can use to help families preserve both wealth and family harmony - and create a meaningful legacy.
Click through to read the article on our website.
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