Tendrils: Growing stronger day by day

Over the next 50 years, 50-100 trillion dollars will be transferred to successive generations. Approximately 80% of all transfers will fail by the 3rd generation. According to a study in Williams and Preisser’s “Preparing Heirs” only 15% of estate / wealth transition failures were due to the what’s (i.e., legal and technical issues). The remaining [...]

Last week I learned that approximately 80% of all wealth transfers fail by the 3rd generation. Why? Because financial and estate planning typically start with the method instead of the purpose. At the Masters Level Intensive on Purposeful PlanningTM, I learned that there is another way. It’s the way I was looking for, but did [...]

By the time this posts, I’ll be in Colorado for Purposeful PlanningTM’s Masters Level Intensive Training Program. The recommendation to attend came out of a phone conversation with Courtney Pullen, a well-known and well-respected family wealth counselor. I had contacted Courtney to see how he came to develop this specialty, and to see how I, [...]

In graduate school (the second time – getting my Masters in Psychology), I was introduced to concept of the BASIC ID — Lazarus’ model for case conceptualization, which assesses behavior, affect, sensation, imagery, cognition, interpersonal relationships, and the use of drugs. After a review, the professor asked if anyone could identify an area that Lazarus [...]