Successful entrepreneurs know that their wealth will impact on their lives. They think deeply about their money, and its impact on their children, their loved ones, their philanthropy, and their legacy. What they really worry about is their family and their next generation. The most asked questions are, “How do I effectively pass the money to them? How do I create some prudence around the wealth management? How do I provide them with an education about wealth and responsibility?” “How do I get them to feel gratitude?”

Business Owners earned money through hard work and now want to enjoy the fruit of their labour.

They also want their family to enjoy the fruits of their hard work. Entrepreneurs want their children and grandchildren to grow up with confidence, integrity, and strong values. In addition, founders want their families to understand the impact money can have on the community and others who are less fortunate and, finally, to keep their families and siblings close together.

To begin, the number one question is “Why do wealth as a family?” From this starting point, the meaning and purpose of family wealth will develop the values that drive the individuals, their families, and the estate planning. Family and Wealth shares how other families prepare heirs in at least four ways—education, engagement, experience and gratitude.

There are stories from entrepreneurs who have made the choice to do wealth as a family, and their best practices. They have managed to pass on wealth that expands the next generation’s lives, rather than the shadow side of subsidizing and potentially warping them.

The ultimate goal is to discover that the word wealth has a meaning that is far broader than material wealth, and it is these other areas that endow confidence, strength, and knowledge. The great families inspire everyone to live their best lives