NextGen Wealth

Emily Bouchard is a fractional chief learning officer for family offices. She talks about the role of a chief learning officer and how it’s evolved.

After a 37-year career creating and growing international brands at the Alberto Culver Company, founded by her parents, Carol Lavin Bernick negotiated the sale of the company to Unilever in 2011. Since then, she has led her family’s business office, Polished Nickel Capital Management. She discusses what she has learned about estate planning and what she teaches her children about wealth preservation.

Jake Knight is a second-generation member of the family that founded Knight Transportation. (His father co-founded the company with his brother and two cousins.) He is also the co-founder, with Marc Hodulich of Enclave, of a peer network and community for rising-gen individuals from ultra-high-net-worth families. He discusses what he’s learned, from his own experience and from talking to peers, about the complexities of inheriting 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.