Article
December 03, 2021
Top concerns of family office clients: wealth disclosure to children
Hear from Marvin Schmidt on some of the best practices to facilitate family discussions that prepare children for the unique complexities family wealth presents.
“A family wealth discussion means different things to different people. Parents do not need to disclose figures to have an effective conversation about their family’s wealth. However, sharing their values and beliefs surrounding wealth is encouraged as it provides context to their wealth, without which it cannot be fully understood, assessed, or appreciated.”