Despite quality tax and legal planning, only 1/3 of family businesses survive through the second generation, and only 10% survive through the third. This problem is not limited to families with active businesses; families with assets in passive investments experience similar wealth dissipation.

Over the years The Williams Group has conducted large-scale research into the causes of this problem. Studies indicate that traditional tax and estate planning, though essential, are not the most important factors in successful post-transition estates.

Research revealed that the most important factors to a successful post-transition are the levels of trust and communication that exist among family members, and the degree to which the heirs are prepared for wealth and responsibility.

Our Family Coaching Process consists of all three necessary components:

• Development of trust, communication and teamwork within the family
• Preparation of heirs to manage themselves and wealth effectively
• Reaching agreement on the mission of the family's wealth as a guide to the family's professional advisors

A successful post-transition experience means more than receiving money. It means enabling your heirs to test and confirm your values in their own life experiences; preparing heirs to become competent, self-confident, ethical, generous and loving persons in their own right. And finally, a successful transfer means that the very best of you will survive to benefit the lives of your succeeding generations. You could not leave a greater legacy.