Many high-net-worth families embrace the idea that family meetings should be a vital part of involving and preparing the next generation. Even when convinced of the value, however, families can be reluctant to take the first step. They may have reservations about how to handle sensitive information, disruptive family members, and questions from in-laws, and they may not know when it’s appropriate to talk big numbers.
In this podcast, Mathew Harrison, Head of Burgundy’s Private Client Group, speaks with internationally recognized family wealth consultant Dr. Jim Grubman. Dr. Grubman discusses how to move forward in this important area of family wealth management by sharing tips on initiating, continuing, or expanding a meeting process for your family.
Highlights of the Session Include:
- 03:09: Basics of Family Meetings
- 10:32: Outside Facilitators
- 11:53: Children and the Next Generation
- 15:58: Partners and Married Spouses
- 18:17: Starting the Process
For an alternate format, access the transcript via the “Download PDF” link at the top of this post. The transcript has been edited for clarity.
For more information, including recommendations on resources for your family meeting process, please contact us.
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