Three Keys to Sustaining Family Wealth

Parents often find it difficult to discuss their wealth with their children, especially when it comes to what will happen to their wealth when they die. But when parents do not clearly detail their intentions or prepare their children to receive the family’s wealth, they risk outcomes that will meaningfully erode the value of their estate. Fortunately for every family there are key steps—from opening the lines of communication early to considering the value of an impartial trustee—that can help with successfully transferring the family wealth from generation to generation.