Beneficiary education can begin well before full financial disclosure. It might include understanding trusts and fiduciary roles, financial and governance literacy, how distribution decisions are made, and the responsibilities that come with access to wealth.
Family members encounter new developmental demands throughout the life of a family enterprise: entering ownership, joining governance, assuming leadership, becoming the client of a family office, or reconsidering one’s role as responsibilities shift to others.
Paul Edelman
Oct 72 min read
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