May 20, 2016: I have been helping high net-worth families with their finances for almost 40 years as a professional investment advisor, as a Tiger 21 peer and as a friend. Based on my experiences, after a wealthy family has successfully organized their retirement income for the first generation and helped their children launch, many change focus to preparing their heirs for future inheritance. However, the family’s primary concern needs to be preparing the heir who will accede to the responsibility of stewarding the family resources after the head of household passes; most often, this is the spouse.
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