Family Business Forum

/Family Business Forum

Wide-eyed, Unprepared, and Overwhelmed: A Perspective on the Mind of a Young Inheritor

Date: October 18, 2016 Guest Speaker: Kristen Heaney, MSW, BCC, Legacy Life Coaching, LLC As advisors, we aim to help client families plan for the unexpected, protecting their wealth from outcomes such as early death, bad marriages, addiction and more. It’s impossible to know, however, just how these plans will play out in real life when the worst case scenario unfolds. The legal and financial plans of Kristen Heaney’s family were put to the test when her father, a 49-year-old successful business owner was diagnosed with terminal cancer.  Still in college at the time of her father’s death just 6 weeks post-diagnosis, Kristen Heaney was completely unprepared to handle the substantial wealth her divorced father would pass on to her. Their lifestyle had been modest, and all signs of the magnitude of the wealth were well below the radar. In the midst of just graduating from college, and enrolling in graduate school to become a social worker at age 21, she found herself catapulted into a strange, complex and unfamiliar world filled with family business succession, investments, legal structures, lifestyle choices, relational challenges, and a number of internal adjustments. This session offers a snapshot into the mind of the rising generation as we hear about how she navigated that steep learning curve, and the lessons she learned about herself, the advisory world, and the land of wealth. She highlights the impact of values she grew up with, why and how she came to choose advisors (hint, she fired her father’s advisors), and how she is now raising her own children in ways that she hopes are wealth savvy.

If Wealth is More than Money, Where is it and How do you Convert it?

Date: July 19, 2016 Guest Speaker: Enette Pauzé, PhD, President & CEO, Level 8 Leadership Institute You are worth more than what is in your bank account or on a balance sheet, and so are your clients. Like you, they struggle to establish their unique value, which can be buried, suppressed and ignored. And if they are not aware of it, they can’t convert it into family wealth. The family mastermind is an essential catalyst for members to realize and harness their individual and collective wealth potential. In this session we will discuss how to help families discover their true priorities, challenges and opportunities in unlocking and transforming their hidden wealth.

Retirement Myths Busted: Tools and Resources You Can Use to Help Your Clients Successfully Make the Non-Financial Transition to Retirement

Date: June 7, 2016 Guest Speaker: Nancy C. Nelson, CFP®, Retirement Life Mentor, Beyond Enough How do you help clients who have enough money to retire, but are fearful about leaving work behind, or who have already retired but are frustrated at putting together a new life that is meaningful to them? Nancy will present examples of specific things you can do to set your practice apart, in the way that you talk to people: pre-retirement, at retirement, and after the retirement "honeymoon" period is over.