What do we recall about the legacy of the Vanderbilts or the Hearst family? Most of us remember that their wealth and family connections eventually faded away.
As a society, we have dedicated decades to legal efforts aimed at safeguarding wealth from being wasted by future generations. This approach has seen moderate success. While wealth remains intact, what is happening to the families involved?
Instead, envision a scenario where heirs are being prepared for the wealth they are meant to manage. The shift towards focusing on preparing individuals rather than building legal structure around the money is both evolving and can be transformative. By preparing individuals, we foster an atmosphere of trust, accountability, shared objectives, and, most crucially, freedom for the heirs. Freedom from the anxiety of “doing it wrong,” freedom from uncertainty, and freedom from complacency. Preparation is empowerment. AND it lays the groundwork for legacy, remembrance, and enduring influence.
