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Your Values. Your Vision. Your Goals.®

Five Stages to Family Wealth

Every family is somewhere on the family wealth continuum… from just starting out to passing it all on to those you care about. As you watch today’s 55 seconds and identify your location on your journey in context to the big picture, you may want to ask yourself:

  • What else can I do to prepare myself and my family for the next stage?
  • How can I better utilize my love, wisdom, and money to get what my family really needs?
  • What, if anything, might be standing in the way of our progress?

A long term view with a clear path and plan are great foundations upon which to build your family wealth.


Who said every generation has to start over again to build wealth?

Although it’s common for the first generation to earn it, the second generation to burn it, and the third generation to yearn for it, it doesn’t have to be that way.

Most of us see our parents’ money as theirs. But when our parents die, theirs becomes ours!

Working with families over the years, we’ve observed a path that families follow to transfer their love, wisdom, and money from one generation to the next and the next and next.

It’s not that difficult. It takes discipline, but it’s not hard.

It’s a family wealth continuum. Knowing there are five distinct life stages: our accumulation years, retirement years, reflection years, widowhood, and the eventual passing it on.

Seeing our roles initially as accumulators, then harvesters, then stewards, then survivors with heirs, makes our path easier to follow and easier to successfully pass on wealth to our kids, at which point, they can navigate their own wealth journey through these same stages and build upon our efforts.

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