Family Governance and Leadership

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The 25 Best Practices of Multi-Generational Families
GenSpring | SunTrust Private Wealth
The odds of sustaining wealth across generations are low, and studies show that less than 3 percent of failures stem from poor estate planning and poor investment returns. This implies that there are
Sustainability—The Springboard for Future Generations
GenSpring | SunTrust Private Wealth
Research suggests that wealthy families would prefer to pass nearly two-thirds of their wealth to their children, grandchildren and other heirs. But while they may have the desire to pass on their
Freedom Within a Framework: The Key to Raising Responsible Owners of Wealth
GenSpring | SunTrust Private Wealth
Though the challenges to successful wealth transfer across generations may seem overwhelming, they can be overcome. Success requires a commitment of time and energy by the entire family, as well as
Wealth: Burden or Opportunity?
GenSpring | SunTrust Private Wealth
While it is true that having money can create great opportunities, it can make some people feel awkward and harbor deep feelings of regret and shame. Those feelings can dramatically influence wealth
Family Culture: Creating a Resilient Family Tree
National Center for Family Philanthropy
When people think about family legacy, it’s often in the context of multi-generational financial wealth. Money, though, masks what people are really interested in passing to future generations
You Cannot Not Communicate: The Importance of Family Communication
GenSpring | SunTrust Private Wealth
Communication is found to be the most important factor for cohesion in families and sustainability of family wealth. Statistics show that more than 70% of families are unsuccessful at multi-
Cross-Generational Communication: Are You Up for the Challenges?
GenSpring | SunTrust Private Wealth
Research tells us communication is the most essential ingredient for sustaining wealth across generations. But, cross-generational communication can be particularly challenging, especially within
Successful Generations Podcast: Engaging Your Family in Family Philanthropy
National Center for Family Philanthropy
The question Virginia “Ginny” Esposito, Founder of the National Center for Family Philanthropy, gets asked the most, is “How can I engage my family in philanthropy?” In this
Tending the Fires of Wisdom
Jamie Yuenger, StoryKeep
Since the age of 14, Angus McRae had been the sole caretaker of the Markham family lodge and its surrounding 800 acres, where the Markham family connected and bonded. The original Markham brothers
What Your Estate and Trust Plans Say About Your Legacy
Hawthorn, PNC Center for Financial Insight
Words committed to paper, stories shared in print or video, and family histories portrayed in a personal documentary can contribute to your legacy. But how can you be confident the planning