On Succession
Have you ever heard the phrase "shirtsleeves to shirtsleeves in 3 generations?"
The statistics are sobering: 70% of wealthy families lose their wealth by the second generation, and 90% have depleted it by the third. Your family didn't build extraordinary success by leaving things to chance. It took a lot of hard work. In many cases, there were many days and nights of blood, sweat and tears for the first generation.
Multi-generational entrepreneurial families can face unique challenges that some traditional wealth advisors simply don't understand. When your wealth spans operating businesses, investment portfolios, real estate holdings, and complex family dynamics across multiple generations, the typical cookie-cutter solutions will fail. You need to work with people who understand entrepreneurial families who think in decades, not quarters!
I specialize in sculpting succession and legacy frameworks for entrepreneurial families and family offices.
Every family I've worked with is unique. When I first started, I heard the phrase "if you've worked with one family office, you've worked with one family office". Over the years, I've found this to be true. Some families have been wealthy for 10 generations. Others for just 1. Some made their money in real estate decades ago. Others built or sold technology apps fairly recently. The people and the family dynamics are different as well (rightfully so - after all, humans are not AI!).
Your family's challenges may be multifaceted: How do you maintain control while preparing the next generation? How do you structure governance that evolves with your family's growth? How do you balance family members' differing interests while protecting the business that created your wealth? How do you minimize tax erosion while maximizing generational impact?
For areas that aren't governance-related and are outside of my area of expertise - e.g. creation of legal wills and tax planning / filing, I have partners I work with to ensure your family receives superior and complete services. If I don't have a partner yet in your jurisdiction, I will find one!
My approach integrates succession planning, family governance, tax optimization, and next-generation development into a cohesive strategy. I work exclusively with families who understand that true legacy planning goes beyond documents. It really is more about creating systems that preserve both wealth and values across generations.
This isn't about basic estate planning. This is about building institutional-quality structures that protect your family's entrepreneurial spirit while providing the flexibility to adapt to changing circumstances, family dynamics, and market conditions.
Working together with you, I cover the following:
1) Succession Planning
2) Family Governance
3) Access to my network of specialists (for taxes and legal)
4) Next Generation Development - ensuring your next generation is prepared to take over the reins of your wealth. I'm big on crafting an educational plan that works for your family's specific needs.
5) Family Retreats - we take time away to ensure your family is all on the same page.
Your family's legacy deserves more than generic advice. It deserves a strategic partner who understands the complexities of entrepreneurial wealth and the vision to help you build something that lasts for generations.
Book a call and let's plan your family's legacy!