Family Meetings: They are not what you might think they are! For a family to get started, your role may be critical! The key to a family’s success is family education and trust building through an organized and prioritized family meeting process.
Family education is a life-long-learning adventure to be taken together. Families must have family meetings, build trust, choose interdependence, and practice group decision making. Many traditional estate plans increase the likelihood of wealth and family erosion.
What can we as advisors do to help our client families? If we make this part of our practice, will it also help our practice grow?
Thomas C. Rogerson, President/Chief Learning Officer, GenLeg Co., Inc. ^
Thomas C. Rogerson brings more than three decades of experience to the wealth management industry, providing guidance and education to families as they transition significant capital, both tangible and intangible, from one generation to the next. Tom is a recognized leader and pioneer in family governance throughout the world, and uses his “6 Steps to Healthy Family Governance” to assist families with communication, philanthropic vision, legacy planning, succession, and education. Prior to starting his private practice, Tom was with Wilmington Trust, was Managing Director of Family Wealth Services for BNY Mellon, National Director of Estate Tax Planning with State Street Global Advisors in Boston, and Director of Financial and Estate Tax Planning with Coopers and Lybrand. He holds a bachelor’s in Economics from Ithaca College, and speaks frequently on topics of family governance and philanthropy for wealthy individuals, family offices, and entrepreneurs.
Martin M. Shenkman, Esq., InterActive Legal Advisor ^
Martin M. Shenkman is an attorney in private practice in Fort Lee, NJ, and New York City. His practice concentrates on estate and tax planning, planning for closely held business, and estate administration. Mr. Shenkman is an author of over 40 books and more than 800 articles. He is an editorial board member of Trusts & Estates Magazine and the Matrimonial Strategist, and an advisor for InterActive Legal. He is the recipient of many awards including being a 2013 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. Mr. Shenkman was named Financial Planning Magazine 2012 Pro-Bono Financial Planner of the Year for his efforts on behalf of those living with chronic illness and disability. Investment Adviser Magazine featured him on the cover of its April 2013 issue naming as the lead of their “all-star lineup of tax experts.”
Event sponsors are not approved Continuing Education Sponsors. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation in these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. It is the responsibility of the participant to file for CE credit and is not guaranteed by InterActive Legal, Peak Trust Company, or Shenkman Law.
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