The Legacy Family: Father, Son, and “Holy Coach”
Kip Kolson, author
You've seen it, heard the stories, and maybe it has happened in your family?the dissension, fighting, greed, and legal actions when an inheritance is up for grabs. You?re thinking, ?That won?t happen in our family.? Think again! It has been statistically proven that 70 percent of wealth is lost each time it transitions to the next generation and is completely gone when the third generation passes. Two primary factors are loss of trust and breakdown in communications. Working with families of all sizes and levels of wealth, but especially with high net-worth families, for almost twenty-five years, we learned the only way to overcome this deterioration is through a holistic, combined, and integrated financial and personal coaching program that builds a cohesive team of all living generations.