Family Meetings


Discussing the inevitable passing of your wealth although difficult, is important for your family wealth plan. Periodic family meetings can go a long way to making the transition smoother for your beneficiaries. The ultra-wealthy have long held family meetings to discuss sustaining your wealth and their philanthropic endeavors, and you don't have to have enormous wealth to benefit from involving your family in the planning process.

Family Meetings can help the head of the family:

  • Communicate their wishes to their children prior to them passing or becoming incapacitated.
  • Overcome the reluctance to talk about family money or difficult estate planning issues such as wills and long-term care by having us help you facilitate.
  • Discuss how assets such as second homes and heirlooms will be distributed.
  • Reduce potential for family disagreements over inheritances
  • Discuss funeral and burial/cremation wishes.
We believe a formal family meeting, facilitated by our office, provides a comfortable structure to shares and discuss the plans put into place well before they are needed. The family meeting consists of:

  • Reviewing the topics you are comfortable discussing and those topics you do not want to discuss.
  • Ability to communicate location of important documents such as checking, savings, investments; and insurance policies.
  • Introduce younger generation to investment planning, goal setting and financial advice.

Wells Fargo Advisors and its affiliates do not provide legal or tax advice. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state