It's hard to argue against the recommendations contained in the blog post below: host family gatherings, implement family philanthropy, create a family bank, and form an investment committee. At Empowered Wealth, we advocate our unique forms of all of these tactics. But there's also something deeper, more fundamental that's not addressed directly in these four recommendations. That is, the mindsets of the family members and the resulting family culture that emerges over time. If a family focuses on nurturing these more critical elements, we believe that this will optimize long term sustainable prosperity for the family.
Changing the Odds of Wealth Transfer
There are a little more than 100,000 families in the United States that have a net worth in excess of $25 million. A majority of these families have built this wealth through the ownership, growth and…
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