A successful business owner was becoming forgetful, but he wouldn’t admit it. He was making uncharacteristic decisions and becoming paranoid. Family conversations were contentious, and conflicting approaches were emerging. His wife knew little about their financials or how he wanted the estate to impact the family. Ultimately the wife had to figure out how to “keep the peace” while unprepared for her children's reactions. They did not trust her decisions because of her self-p

Amy Castoro is quoted in this article from the Institute for Preparing Heirs on how important it is for advisors to refer families to skilled meeting facilitators or family coaches when unresolved issues among family members threaten to derail the family’s ability to move forward as a cohesive family unit, putting a successful wealth transfer at risk. #wealthtransfer #succession #heirs #trustsandestates #estateplanning #legacyplanning #uhnw #hnw #familybusiness #familyoffice