Building a Legacy: Future-Proofing Family Businesses

When we look at wealthy families and how wealth is distributed and often, lost, within a few generations, we can find commonalities amongst those who successfully build long-term generational wealth and those who don’t. While estate planning is often defined by the financial and legal moves made to preserve wealth and lessen the effects of taxation, the success strategies in this program look at generational wealth building in a more hands-on way. Using the lessons of entrepreneurship and working together inter-generationally, families can preserve both the spirit and the assets. Younger generations coming into the family business have built-in mentors and are inculcated in the beliefs and goals of the older generations. This 1-hour course program provides in-depth information on studies and real-life examples of families using entrepreneurship to successfully transfer multigenerational wealth. The goal is for you to bring value-add to your clients and help them devise strategies following their goals. This CPE course will identify those common characteristics so that advisors can guide clients to success in growing wealth across many generations. Major Topics: Challenges of Generational Wealth Transfer Entrepreneurship - a Wealth-Building Tool Intergenerational Collaboration Role of Advisors in Guiding Generational Wealth Success Strategies for Long-Term Wealth Preservation This CPE course by Ilene Slatko, a serial entrepreneur who currently coaches clients working through the long tail of administrative and financial tasks involved in the estate and divorce process. She spent over 30 years in the financial industry and has long been a resource for financial and accounting professionals. Join this CPE course it will give you the tools and knowledge to be a valuable resource to advise clients, regardless of the channel.