Preparing the Next Generation for Wealth: How Not to Be a Statistic

July 29, 2021

Did you know? 70% of wealthy families lose their entire wealth by the second generation, and a stunning 90% by the third, according to The Williams Group.

What can you do to prevent this…to extend your legacy? The children of wealthy families have both privileges and burdens that they must learn to manage effectively. When it comes to the family wealth, it can be difficult for parents to know how much information to share and when to share it.

Hosted by John Straus, Jr., panelists Jessica Andrews and Lauren Detering explore the do’s and don’ts, how not to be a statistic, and how to help ensure your children make wise financial decisions, regardless of their age.

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