Family Office Foundation

Unite your family members in passing on your values to the next generation,
moving from success to significance, and leaving a meaningful legacy

CLIENT SUITABILITY

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 charities or family members often need to review a variety of legal, tax, and investment issues. Professional help is often needed when communicating goals for transferring wealth to heirs or philanthropic causes. Communication is often most effective in family meetings that affirm family relationships and illustrate how discussions of 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.

Expected Outcomes:

  • Develop a strong sense of family unity
  • Inspire each family member to pursue a calling
  • Establish clear leadership and succession structures
  • Help family members understand their responsibilities and likely rewards related to upholding the family's values
  • Clarify how and when families should fund charities while maintaining permissible access to income from assets given to charity.

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?
  1. What resources do you have available (after taxes) to help you fulfill your calling?
  2. Can you articulate a clear purpose for your life, mission for your team(s), and vision for your future?
  3. Are your planning team members qualified and unified?
  4. Do your team members agree with your priorities (e.g., budgets and schedule) and principles?
  5. Have you implemented planning tools for growing your wealth tax-efficiently?
  6. Have you prepared successor owners and managers?

 

  1. What resources do you have available (after taxes) to help you fulfill your calling?
  2. Can you articulate a clear purpose for your life, mission for your team(s), and vision for your future?
  3. Are your planning team members qualified and unified?
  4. Do your team members agree with your priorities (e.g., budgets and schedule) and principles?
  5. Have you implemented planning tools for growing your wealth tax-efficiently?
  6. Have you prepared successor owners and managers?
Can Your family Answers These Six Questions?
  1. How has God blessed your family across the generations with His Revelation and resources?
  2. How has your family pursued a vision and mission?
  3. How does your family seek wise counsel?
  4. What principles and priorities should matter most when making wealth management decisions?
  5. How do you feel about the risk, complexity, tax-efficiency, and effectiveness of the trusts, investments, and other planning tools that you have considered?
  6. How would you like to see your family and charities stewarding your wealth 100 years from now?

 

  1. How has God blessed your family across the generations with His Revelation and resources?
  2. How has your family pursued a vision and mission?
  3. How does your family seek wise counsel?
  4. What principles and priorities should matter most when making wealth management decisions?
  5. How do you feel about the risk, complexity, tax-efficiency, and effectiveness of the trusts, investments, and other planning tools that you have considered?
  6. How would you like to see your family and charities stewarding your wealth 100 years from now?