How will your family bear the
burdens that come with wealth?

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Plan to dream.

We’ve all heard some version of this tale: 

A woman and a man come together to form a family. Working hard, they create a great deal of wealth. Because of their frugality, their children enjoy an easy existence that doesn’t require them to work much — if at all.  But by the time the children’s children — or certainly their grandchildren — come along, only a fraction of the family fortune is left and what remains is scattered in little pieces.

Unless a family’s affluence remains intact for five generations, it is unlikely to endure.  People often look at these circumstances and see a lack of financial discipline or understanding of money as the root of the problem.  The truth is that poor communication among family members is a far more destructive factor. 

It is easy enough to teach financial skills,

and many families emphasize this to the exclusion of all else.  But without the process, structures and disciplines that can help families members become invested in each other’s visions – and successes – things rapidly fragment.

Families come to us when they:

When you are ready to create the affinities

that will hold your family — and its assets — together for generations to come, contact Sage360 Advisors.

 

 

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The 70% failure rate in estate transitions lies within the family itself — not the tax rates, skill of estate planning attorneys or business reversals.

Williams