Perspective

If money talks, so should you

Building a strong family relationship is key to securing your family's future.

Key Takeaways
  • Defining relationship capital: The relational reserve of goodwill that allows families to talk about anything. “Reserve” must be built up over time to be there when needed, and “goodwill” captures the richness and complexity that is required to create an open dialogue.
  • Hope is not a method: If you want to strengthen your family, you can’t just “hope” it will happen. In fact, the natural tendency in most families is to avoid communicating about wealth and transition of assets, and for senior-generation family members to do their planning behind a cloak of secrecy and relationship isolation.
  • Relationship capital is an outcome: What is the ultimate goal of developing such a robust portfolio of relationship capital? To be able to talk about anything!
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If money talks, so should you
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