We brought the family together in an open and transparent environment where everyone could speak freely and with expectations clearly set for cooperation.

Out of the meeting, it became apparent that the parents’ anxiety stemmed from the fact that the daughters were indeed in the dark as to their responsibilities when it came to managing their wealth.

We worked with the daughters on how to set up an appropriate budget, oversee their own investment plans, understand the rules of their trusts and the importance of pre- and post- nuptial agreements, and plan for their own heirs as well.

The parents gained a newfound confidence in their daughters’ abilities, helping the couple to be more transparent going forward.

A shared Family Vision was created spelling out the objectives, roles and responsibilities for each member of the family.

We then created an ongoing forum for future communication.

For more information about how we can help with preparing heirs, visit Family Wealth and Next Generation Wealth Planning.