NextGen Wealth

What happens when parents run out of time to prepare their children to inherit wealth — and then those children have to decide how to prepare their own children? Kristen Heaney has experience on both sides of this equation. She is the founder of In Three Generations, which offers coaching, peer groups and family facilitation for wealthy families

There can be a more humane and constructive approach to prenuptial agreements, says Scott Peppet, president of Chai Trust Company. He has published suggestions for improving the prenuptial agreement process. He discusses what’s wrong with the current system — and how to fix it.

How can families ensure that the decisions they make today will resonate with future generations? Avery Fontaine, head of Hawthorn Purpose for PNC Private Bank Hawthorn, explains how shifting from a “legacy mindset” to a “good ancestor mindset” can help.

Cathy Family Office exec Beth Chapman runs a book club for the family. All generations can participate, though she has a separate book discussion for the rising generation as part of the educational curriculum she has put together for that generation.

As wealth transfers surge globally, family offices worry about the readiness of heirs, with concerns about personal achievement, wealth responsibility, and family conflicts.