Posted on February 11, 2019
Legacy Family Office President and CEO Tamara Surratt will be a featured speaker at a TIGER 21 event in Chicago in February. During her presentation, Surratt will share insights on ways wealthy families can raise their children to be prepared, competent, responsible owners of wealth.
According to MarketWatch, thirty trillion dollars in assets will be passed from one generation to the next within the next 30 years. Despite this massive transfer of wealth, the majority of heirs are not prepared to manage their inheritance responsibly – which will cause many of these wealth transfers to eventually fail. In order to guarantee a successful transfer of wealth, families must adequately prepare their heirs.
Surratt’s presentation is entitled, “The Wealth Effect – How Family Wealth Can Destroy the Next Generation,” and she will provide insights on how wealthy families can raise empowered versus entitled heirs, and mitigate the potential impact of the “dark side” of wealth. She will also share practical tips on communicating about wealth as a family, and on preparing heirs intellectually, emotionally and spiritually for their role as stewards of the family wealth.
“By focusing on improved trust and communication, thorough preparation of heirs, and a clear family mission for the wealth, families can be well-positioned to raise heirs that become self-reliant, independent and productive individuals,” explains Surratt.
Throughout her presentation, Surratt will provide concrete best practices that she has learned and developed during her years of experience in preparing heirs, creating legacies, and sustaining wealth through generations for some of the country’s wealthiest families.
If you would like to talk about the unique challenges facing your family, please contact the Legacy Family Office team at 239-949-1982 or email us at admin@LegacyFamilyOffice.com.
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