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

S5 E39
Oct. 7, 2024, 5 p.m.

Episode 39: Is Now the Right Time for Real Estate? -- Pat Jackson, Founder, CIO Sabal Investment Holdings

We recorded this conversation with Pat Jackson, Founder and CIO of Sabal Investment Holdings. He has tremendous experience working through difficult commercial real estate debt issues.
S5 E38
Aug. 5, 2024, 3:20 p.m.

Episode 38: A Timely Conversation on the Stock Market - - Scott Wallace, Founder/CIO of Shorepath Capital Management

We recorded this conversation with Scott Wallace, CIO and Founder of Shorepath Capital on July 12th. His message is particularly insightful, as we listen in the midst of a market sell off.