Do you want to Build a Lasting Family Legacy?
Shocking Truth – 70 Percent of Family Wealth Transfers Fail!
It isn’t a happy statistic, but undoubtedly you have heard of a family that failed to successfully transfer wealth to the next generation. Whether we are talking about $2 million or $200 billion, merely passing on hard-earned wealth to your children, grandchildren or other heirs does not guarantee success. In fact, research on more than 3,250 families reveals that 70 percent of families fail to successfully transfer wealth in the first generation. By the third generation, 90% of the wealth is lost.
[1] “Failure was defined as “involuntary loss of control of the assets.”
We are sure when you have worked hard, invested, built, and sacrificed to create wealth or expand wealth given to you, the last thing you envisioned was it being squandered or lost by future generations! There is a phenomenon called “Sudden Wealth Acquisition” – whether it be from an inheritance or a lottery – if the recipient does not have the wisdom, the skills, the mindset, the belief, about how to properly steward resources – receiving assets can in some cases be more of a curse than a blessing.
[1] Williams & Preisser, Preparing Heirs: Five Steps to a Successful Transition of Family Wealth and Values, Robert R. Reed Publishers, 2014.
There must be a better way!
We know you do not want to be among the 70 percent of families that fail to successfully transfer wealth. We do not want that to be your story. We also know that building your family legacy is about so much more than money. It may be different for every family, the core mission, core values may differ – but it is all about setting up your future generations for success. Successful relationships, successfully finding their significance, and successfully building off of your legacy.
A True Legacy left in your loved ones will become a foundation that they build on to further the success of the family throughout many generations to come.
The thing is Building a Powerful, Enduring Legacy that Empowers Future Generations does not happen by Accident! It is intentionally envisioned, created, and implemented over time.
Contact us to schedule a complimentary Legacy Building Analysis if you would like to:
- Successfully transition your hard earned wealth,
- Strengthen your family relationships,
- Unite along shared values,
- Collaboratively create a vision and purpose for your family wealth,
- Empower future generations to not only successfully steward the family wealth, but to build upon the foundation they receive, creating even greater wealth and blessing for future generations.
Our Legacy Building Success System™ is a coaching program where Attorney, Mediator and Legacy Building Coach Kristina Hess and Erik Frederickson – Life, Leadership, and Legacy Building Coach work with you and your family through our Five Module Program to Build a System that will set up your family for generations of Legacy and Success.
What problems do you need to overcome to accomplish this legacy?
Contact us today!
[1]Williams & Preisser, Preparing Heirs: Five Steps to a Successful Transition of Family Wealth and Values, Robert R. Reed Publishers, 2014.