Family Dynamics
Come to Own and “Live” Your Values
With the recent passing of her father, Cathy wanted to begin the conversations around wealth with her three daughters. The mother let her daughters know that even though the inheritance was hers to spend and invest as she pleased, she wanted her daughters to be engaged in the process.
Outwardly, the mother’s purpose was to educate her daughters about the meaning and impact of wealth. It soon became clear, however, that her real purpose was to find a way to “engage” with her daughters, using the money as a medium.
Although unspoken, it also became clear that she hoped to accomplish this in a hastily put-together, half-day family meeting, which would be squeezed in between an already packed schedule.
As the process began, it was discovered that the biggest block was the issue of trust. How could they even continue when one of the daughters did not “trust” her mother? While the daughter was willing and excited about engaging in the process, she had difficulty agreeing to “trust” as one of the family’s core values as she felt trust was literally missing in action.
Family Dynamics
Come to Own and “Live” Your Values
With the recent passing of her father, Cathy wanted to begin the conversations around wealth with her three daughters. The mother let her daughters know that even though the inheritance was hers to spend and invest as she pleased, she wanted her daughters to be engaged in the process.
Outwardly, the mother’s purpose was to educate her daughters about the meaning and impact of wealth. It soon became clear, however, that her real purpose was to find a way to “engage” with her daughters, using the money as a medium.
Although unspoken, it also became clear that she hoped to accomplish this in a hastily put-together, half-day family meeting, which would be squeezed in between an already packed schedule.
As the process began, it was discovered that the biggest block was the issue of trust. How could they even continue when one of the daughters did not “trust” her mother? While the daughter was willing and excited about engaging in the process, she had difficulty agreeing to “trust” as one of the family’s core values as she felt trust was literally missing in action.