Day In A Canoe Podcast

In this episode, Nathan and Alison discuss: The importance of constructive communication within families Why inheritors need to understand family decisions The differences between a single-family and multi-family office The challenges and opportunities within family wealth succession    Key Takeaways: It is critical for inheritors to understand why decisions were made in order for them to become responsible stewards of wealth.  If you’re looking for a CEO successor within a business, generally, there is a job description and a track record that you’re considering for any candidate that comes in the door. It should be the same for family members.  Don’t assume communication has occurred, have a plan, ask for feedback, and set expectations that open dialogue is an ongoing process. How Succession Advisors created an educational platform of wealth succession resources to meet needs of individuals and families.   "Creating a roadmap in a succession plan is critical. " —  Alison Marckstadt   About Alison Marcks