“Navigating the impact of wealth responsibly across generations.” Copyright 2011 Dr. Paul White All Rights Reserved. Birmingham Estate Planning Council.

Slides:

Advertisements

Similar presentations

Chapter 14 Family Life Today. Chapter 14 Family Life Today.

Advertisements

Communicating with your Teen

Skills for Avoiding Sexual Risk Taking How to Say “No” to Drugs, Sex, and Alcohol.

Social Health Building Healthy Relationships. Social Health Your ability to get along with the people around you. – Three Key Skills Communication Compromise.

Military & Family Life Counseling Program (MFLC)

Negotiating Skills to Reach a Deal April / May 2012.

Family Relationships and Wealth DC Finance – Tel Aviv June 10, 2014 Joanie Bronfman, Ph.D.

Lecture 10 Conflict Resolution using a Problem-Solving approach Dr. Paul Wong D.Psyc.(Clinical) Centre for Suicide Research and Prevention.

Sibling R i v a l r y. Program Objectives n Parents will understand reasons for sibling rivalry n Parents will learn about ways to reduce fighting among.

Settling Sibling Squabbles Dawnita S. Nilles NDSU Extension Agent/Family Resource Coordinator NDSU Extension Service and Region IV, CSCC Serving families.

Cultural Considerations when working with Native American Families

Communication Skills Dr. Amro Al-Hibshi Department of Orthopaedics.

RELATIONSHIPS: Family and Friends Friends Best FriendsAcquaintances There are many types of relationships but they can be broken into 2 main categories,

Please Respect My Generation! 5 Generations At Work PREVIEW ONLY.

Military & Family Life Counseling Program (MFLC)

Leaving Home – ► Reasons:  Independence (job, friends…)  School - Education  Marriage/co-habitation  Military  Missionary Service.

o What do human relationships mean? o the way that people behave/act towards each other, what they feel about each other o How can HR be divided? - good.

Module 2: Creating a Supportive Classroom Climate Creating a Safe and Respectful Environment in Our Nation’s Classrooms.

Independent Special Education Advocates and IEP Facilitation: Challenges and Opportunities.

FOR BROKER/DEALER AND GENERAL AGENT USE ONLY.1 Dynasty Trust Analysis (GSTT Planning Strategies) Maximizing Family Wealth and Avoiding Transfer Tax for.

Health Chapter 2.

COUNSELING SKILLS IN WORKING WITH FAMILIES OF CHILDREN WITH DISABILITIES.

Do you really think so? I think that it isn’t so easy to be young. Cause teens’ face to face with a lot of difficulties & problems. The building of personality.

MILITARY & FAMILY LIFE COUNSELING PROGRAM (MFLC).

Skills for Healthy Relationships

Health and Wellness Week Ten (Family Relationships)

 No single definition  Usually defined as- “A group of people with common ties of affection and responsibility who live in proximity to one another”

Family Conflict Coaching  Helping Your Family Communicate Constructively and Respectfully.

Copyright © by Holt, Rinehart and Winston. All rights reserved. ResourcesChapter menu Marriage, Parenthood, and Families Chapter 17.

Changing Families. Family Changes 1.15 million couples divorce each year. Approximately 1 in 2 new marriages end in divorce. 3.7 million children in the.

The family A group of people related by blood marriage or adoption © PDST Home Economics.

Children in the Middle Parents’ Version © 2001, Jack Arbuthnot, Ph.D.

Maximizing Your Family Business Advantage Dr. John Fast Family Enterprise Solutions

 The exchange of information through the use of words or actions.

BUILDING HEALTHY RELATIONSHIPS MRS. LIEB 7 TH GRADE HEALTH.

BE NICE TO OTHERS. IF SOMEONE IS NOT NICE TO YOU Try to stay calm and look as confident as you can.

Preview Bellringer Key Ideas Healthy Marriages: Working Together Engagement: Developing Your Relationships Teen Marriages Divorce and Remarriage Chapter.

HEALTHY RELATIONSHIPS. Reasons for Dating  Fun and enjoyable  Friendship and intimacy  Companionship and emotional support  Learn how to communicate.

Chapter 13 – Principles and Tips for Interviewing Couples and Families.

Chapter 7 Dealing with Conflict. Quiz: True or False 1.The more intimate the relationship, the greater the opportunity for conflict. 2. People fight mainly.

Chapter 9 The Family Culture Family Business, First Edition, by Ernesto J. Poza Copyright © 2004 South-Western/Thomson Learning.

Do Now:  Make a list of responsibilities that a married teenager would have that an unmarried teenage would not have.

Jalongo & Isenberg, Exploring Your Role, 3e Copyright © 2008 by Pearson Education, Inc. All rights reserved Chapter 10: Exploring Your Role in Guiding.

Notes Teen Living 2.01 Discuss factors that affect families Recommend ways to strengthen families.

HECMA Program Understanding family relationships Ms. Sandra Gorman.

Healthy Family Relationships (1:23) Click here to launch video Click here to download print activity.

GOVERNANCE AS LEADERSHIP IN FAMILY ENTERPRISES Sam Davis III Principal, The Davis Group VCU Family Business Forum October 15, 2014.

Strengthening Family Relationships (1:34) Click here to launch video Click here to download print activity.

JENNY WONG Student ID: C  When a sender deliver msg. to a receiver  Choose the attitude  Make eye contact  Body language  Be confident  Speak.

Managing Stress in Relationships By Andrew Stochel, Ph.D. Marquette University Counseling Center.

Social and Moral Development from Seven to Twelve.

Nursing Assistant Monthly Copyright © 2011 Delmar, Cengage Learning. All rights reserved. Caring with confidence June 2011.

The Blended Family I. How is the blended family different from the nuclear family? A. The blended family is different because many of the members of the.

These slides were used in presentations to The American Institute of Certified Financial Accountants’ National Real Estate Conference and other national.

Abuse review game Review Game February 21, ABUSE REVIEW GAME…. Category 1Category 2Category 3Category 4Category

The Importance of Families

The Family A group of people related by blood, marriage or other connection such as adoption © PDST Home Economics.

Lifelong union between a husband and a wife who develop an intimate relationship.

Overview of Financial Planning By: Associate Professor Dr. GholamReza Zandi

1 Communication and Ethics for International Medical Graduates in Australia R Woodward-Kron, E Flynn, C Delany The University of Melbourne for Postgraduate.

Marriage is a lifelong union between a husband and a wife, who develop an intimate relationship. Emotional intimacy is the state of being emotionally.

Sibling Rivalry and Solutions

FBCG’s Implementation Successes For Enduring Client Engagements Feb 12, :15-10:30.

Marriage, Parenthood, and Families Health Coach McElroy.

Conflict. Examples of conflict Think back on cases, exercises etc. Others.

How to Use This Presentation

What’s Your Health IQ? True or False

Chapter 7 Conflict Resolution

Chapter 3 The Family.

Presentation transcript:

“Navigating the impact of wealth responsibly across generations.” Copyright 2011 Dr. Paul White All Rights Reserved. Birmingham Estate Planning Council April 7, 2011 Paul White, Ph.D. Why Well-Drafted Trusts are Necessary but Not Sufficient to Avoid Family Conflicts in the Future

Introduction Fight over the Family Foundation Copyright 2011 Dr. Paul White All Rights Reserved.

Common Problem Area #1: “Fairness” *Being “fair” is important to most parents *Fairness is in the eye of the beholder *Fairness changes over time Copyright 2011 Dr. Paul White All Rights Reserved.

Common Problem Area #2: Family Relationships *Husband and Wife (& second marriages) *Parents / Adult Children *Siblings *Daughters-in-law, Sons-in-law *Cousins Copyright 2011 Dr. Paul White All Rights Reserved.

Common Problem Area #3: Foundations *Parents / Children *Daughters-in-law, Sons-in-law *Grandchildren *3 Generation extended family Copyright 2011 Dr. Paul White All Rights Reserved.

Common Problem Area #4: Dysfunctional Family Members *Drug & alcohol problems *Financially unwise individuals *Difficult people Copyright 2011 Dr. Paul White All Rights Reserved.

What Can Be Done To Deal With the Challenges 1.Listen & Clarify (don’t problem-solve) 2.Educate the family members 3.Facilitate appropriate communication 4.Negotiate: “What can you live with?” 5.Support over time Copyright 2011 Dr. Paul White All Rights Reserved.

Conclusion Facilitating family communication will lessen the amount of major conflict you will have to deal with over time, but for a variety of reasons you probably aren’t the best person to do the facilitation. Copyright 2011 Dr. Paul White All Rights Reserved.

Why an attorney or family advisor shouldn’t try to facilitate family meetings: 1.Ethical issues: *Who is your client? *Confidentiality/privilege issues 2.Murky waters – *Perceived loyalty issues *“Tar baby” issues 3.“No win” situations *Someone that can speak the truth *Somebody to blame Copyright 2011 Dr. Paul White All Rights Reserved.

“Navigating the impact of wealth responsibly across generations.” Copyright 2011 Dr. Paul White All Rights Reserved. Paul White, Ph.D. Director of Family Coaching & Personal Development