We often get asked: "When should I tell my kids about the money?”, "What should I tell them?", "How do I have this conversation?”. Sustaining wealth across many generations while maintaining family cohesiveness requires a commitment to building a solid financial education and decision-making process to enable accountability, responsibility, and transparency for successive generations. We call this commitment “Human Capital,” which must be preserved and enhanced over time similarly to any other family financial or tangible asset. With this commitment firmly in place, legacy endures.

Action Steps:

  1. Introduce the importance of family education.
  2. Determine your family’s specific objectives.
  3. Create a long-term plan for each generation and each family member.
  4. Determine internal, external, and collaborative resources.
  5. Integrate educational components into family and individual meetings.
  6. Continually evaluate and enhance along the way, expecting adjustments.

Our encompassing family communication and preparedness process begins with building a curriculum for each generation’s members and that is customized based on maturity rather than specific ages. We move at a structured and deliberate pace to assist in the communication of your family’s wealth intentions and complexity through facilitated meetings, breakouts, and offsites.

Family Education Priorities

Lifestyle – Education to include spending, budgeting and understanding cash flows.

Generational – A curriculum to include inflation, investing, taxes, risk management, and structures.

Legacy – Defining and developing your long-term intentions and legacy for generations to come.

The Biltmore View

S1 E27
Feb. 6, 2023, 3:55 p.m.

Episode 27: Private Equity is Keeping Your Home Pest Free - Jay Abramson & Mark McKenna of Halle Capital

In today’s conversation, I speak with both Jay Abramson, Senior Partner, and Mark McKenna, Principal, of Halle Capital. Jay & Mark really dive in to the nuts and bolts of how Halle can build value in areas of the economy most investors pass right by
S1 E26
Dec. 7, 2022, noon

Episode 26: Boris Jordan, Chairman Curaleaf - Cannabis Reform in the Lame Duck?

Join Rael with Curaleaf Chairman, Boris Jordan on this episode of the Biltmore View. The slow rolling legalization of cannabis in the United States is providing an interesting investment opportunity. Since Covid, cannabis sales are up tremendously. The legal industry is growing as more states legalize medicinal and/or recreational use...