The Family with a Mission Sets a Cornerstone of Longevity

When I ask people about experiences they have had with the transition of wealth in their families, often, I get a shake of the head followed by a story of at least one person or one family branch creating an issue with the terms of distribution. This is still astounding to me, twenty years plus of asking this question.

Why, today, in our “enlightened states”, where information and coaches are ever present, do we fall into patterns that have been around for centuries? Why do we have to say: “My family is different” or “They get along. They’ll figure it out” only to find our families are right in the mix of fallen, disrupted, and broken families? I really do not get it.

What are we so afraid of uncovering that we would rather avoid, deny or hide it than seek to overcome it?

Many people think that merely preparing the assets for their eventual distribution is the answer to passing on an estate successfully. But those of you who have experienced, or, know of a family where distrust or antipathy, cloaked in polite communication, know a great mistake left  irreparable consequences.  Families are torn apart when instead they could have learned how to stay connected.

Becoming a legacy family means preparing the beneficiaries, your family members, to receive the assets. It means understanding the purpose of the wealth and the purpose of the family so the two can co-exist with agreement, understanding, and with stewardship that passes on what it has received and cultivated to the next generation.  Becoming a legacy family means looking at each other, understanding what you want to accomplish together and finding that place of agreement through shared values and inclusivity. Legacy derives from the word legate or mission. When a family has a mission, it sets a cornerstone of longevity.

I will stop here to give you an opportunity to soak in the essence of what has been conveyed here.

concrete hallway between white pillars and building

Photo by Pixabay on Pexels.com

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