Over the past 30 years, families have worked hard and invested enormous resources to create the plans and structures that promise to carry the family into the future and ensure its long-term success. The vast majority of these investments have focused on the quantitative disciplines that serve the family’s financial capital – the collective disciplines that today we call “wealth management”.
Health and Wellness
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With depression affecting as many as one in three adults, greater attention has been given to mental health in the workplace—including the impact poor mental health has on workplace morale, culture, and healthcare costs. Workplace culture initiatives that address and support employee mental health needs boost employee engagement, productivity, and retention. By following this checklist of six best practices, organizations can help build a strong framework for mental wellness both at home and in the workplace.
Many families are not aware of important legal issues that affect their 18 – 21-year-old children. Parents are often so focused on the fact that the drinking age is 21 that they do not realize that their 18-year-olds are, for most other purposes, adults in the eyes of the law. Parents no longer have the same access to information or control over their children after age 18. Proper planning for the legal issues that arise with an 18 – 21-year-old child can help avoid problems later.
Join Nate Hamilton and Peter H. Diamandis, MD for a discussion on the latest longevity-related diagnostics and therapeutics, and the recent breakthroughs on how to slow, stop and even reverse aging.
The past two years have tested even the most resilient families and family-held businesses. Balancing domestic obligations with managing companies virtually is stressful even on the best of days. But when employee relationships include family relationships, workforce dynamics take on a whole other level of complexity. Add a global pandemic on top, and family-held businesses find they now need to support their workforce’s mental health in addition to maintaining financial sustainability.
Plan Ahead for a Hospital Stay
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Sometimes, unfortunately, a trip to the hospital is unforeseen and unplanned. Often, however, procedures and elective surgery are scheduled in advance. If this is the case for you or a loved one, planning ahead for a hospital stay and taking a few simple steps can ensure greater comfort and a faster recovery. This is important for everyone, but especially for those who are older.
Aging in Comfort
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For all the risks that tend to step up as you age, there are also far more opportunities to live life the way you want to, and probably longer and in reasonable health. What will help smooth the transition through the stages of aging will be a proactive approach to managing potential roadblocks on the way. As you begin this journey, the more aware you are of the heightened risks and liabilities that emerge as you age, the better able you will be to enjoy this phase of your life to the fullest extent possible. Learn how to address those concerns so you, too, can enjoy aging in comfort.
Is it Forgetfulness or Dementia?
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Occasional memory lapses are not uncommon, but there may be more going on when forgetfulness begins to affect daily functioning, performance or safety. With more than 5 million Americans diagnosed with Alzheimer’s disease, it is essential for Family Office Executives to understand more about cognitive decline and recognize the warning signs early. Advanced planning and having early conversations with individuals and their families before the age of 65 is critical to safeguarding a family.