Getting the Conversation Started

Succession is not just about money or property. It means confronting family relationships and taking the time to make sure that the drivers for succession planning connect personal motivations, the purpose of wealth, and specific family issues. It requires an emotional commitment to a process that once started must run its course, including having conversations about fairness, equity, choices about who is in “the family,” and their capabilities for current and future roles. While confronting and resolving succession issues can be unsettling, it offers families an opportunity to make use that the purpose of family intergenerational wealth is delivered.