Families Do Better When They Meet

Here's a simple truth: even the people closest to you don't actually know what you think until you tell them. When families of affluence want to be wise about how they use their wealth and steward it on into the future, it requires more than a financial plan; it requires discussion, exploration, and disclosure. Wealth is typically the result of a combination of mindset, and action. History is filled with people who thought a little differently than everyone else, acted on it, and built wealth. Interestingly, there are many combinations that can generate financial success and it's important for families to share the mindset and actions that created their wealth. It's also important for there to be an openness of other approaches to be used in the future. But it won't happen without taking the time to stop and share what has worked and why.The same holds true for the aspirations of the family; it won't be passed on unless it's passed on. Conversations have to happen. Explorations are needed. Sometimes, there are difficult discussions that need to be faced in order to clear the path for the future. To avoid them, limits your future and the future of the family. We are regularly involved in hosting family meetings for clients who want to ensure that great decisions continue to be made into the future, and that there is clarity and harmony in the family, as it relates to wealth. Take the time to think about how you'll ensure that your family remains aligned and successful. Think about having a family meeting.