Every family passing along
wealth or control over assets to
the next generation should have
annual family meetings to
review success. Clients with
more than $1,000,000 of assets
passing to the next generation
often have a variety of legal, tax,
and investment issues that need
to be communicated to the next
generation. Such communications
are most effective in family
meetings that affirm family
relationships and illustrate how
technical planning details foster
deeper relationships. Ideally,
each family meeting should be
led by an adviser who understands
the family’s relational
dynamics as well as the technical
issues related to transferring
ownership, cash flow, control or
management responsibility to
the next generation.
- Develop a strong sense of
- Inspire each family member to
pursue a calling
- Establish clear leadership and
- Help family members understand
their responsibilities and
likely rewards related to
upholding the family's values
Does Your Legacy Plan Answer the Key Questions?
Dr. Robert Clinton studied 50 Biblical leaders, 100 historical leaders, and 1,150 contemporary leaders before concluding that less than 1 in 3 leaders finish well. What character qualities distinguish leaders who finish well? It is very interesting to see how Clinton's six conclusions parallel the conclusions in the Reflecting God's Character book available for free on this website. See the chart at ClintonEndnote or click below to download the book.
Below you can see 6 questions for every individual and each family. Answers to these questions are outlined throughout the pages of Reflecting God's Character. The book shows how wise advisers address spiritual and relational issues along with legal, financial, and other technical concerns as part of a holistic planning process.
Can You Answer These Six Questions?
Can Your family Answers These Six Questions?