Family leaders do not plan to fail. They just fail to plan.
Family leaders typically “hope”...
- their family will understand each other and get along
- their family will be connected and have family gatherings
- their family members will follow the family values and traditions once established by the family leaders
- their financial inheritance will be used prudently and not frivolously squandered
The odds are against them. Their plans fail 90% of the time to keep the family unity and financial wealth together past the third generation. We help families be in the 10% that succeed.
Every family is led, but few are led on purpose.