Will Your Heirs Blow Their Inheritance?
{"name":"Will Your Heirs Blow Their Inheritance?", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"1. Does your family have a mission statement that explains the overall purpose of your wealth; and did all family members participate in creating that mission statement? (Every family will likely develop its own mission statement. However, the general mission of a family is to help every member learn to achieve their own goals and to support the goals of everyone else in the family. This clarity helps the family focus on priorities and drop items that do not fit.), 2. Do all family heirs have the option of participating in the management of the family’s assets? (Successful multi-generational families gives heirs and their spouses the option of expressing their thoughts and wishes about how assets are managed. The idea is that the heirs will eventually be responsible for assets once the parents have passed away. So, they should begin to learn how manage those assets based on their level of competence and interest.), 3. Do your heirs understand their future roles, do they agree with those roles and look forward to performing in those roles? (After a family creates a mission for the family’s wealth, a strategy for achieving that mission is developed. Once the strategy is developed, then roles for heirs, spouses and other family members need to be defined to carry out that strategy. Successful multi-generational families then ask for heirs to express an interest in available roles. Each heir’s interests and abilities need to be matched to the roles that are available.)","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}
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