Summer 2018


TOP 10 ACTIONS
Every Successful Family Should Take When 
it Comes to Family Philanthropy
 

Estate planning becomes easier and more sustainable when the family philanthropy is aligned around values that allow for learning about family traditions, norms, expectations and leveraging impact. 

When children are introduced to the family philanthropy at a young age, they find comfort and confidence in an expanded identity of their family. When the family is aligned on a clear vision and understanding of what makes it unique, as the next generation comes of age, they're already practicing and participating in the wealth in productive ways.


  1. The entire family, spouses and children over the age of 16, have participated in establishing a philanthropic mission statement.

  2. The entire family meets regularly to review and discuss decisions and compare the philanthropic mission to values of receiving organizations.

  3. Younger children are given the opportunity to develop their skill in assessing, evaluating, and following up on their giving choices and results.

  4. Family members are held responsible for conducting due diligence on the impact giving has had on causes that have been funded.

  5. The family has a clear decision-making process for determining how giving is distributed.

  6. The family has the needed skills and has a process to resolve conflicting points of view and ensure each person's perspective is heard. 

  7. Family roles needed for philanthropic giving have been identified, standards for successful performance, and required competencies are agreed upon.

  8. Philanthropy is used to teach family processes such as personal goals, financial management skills, and authentic communication.

  9. Philanthropy is more than a tax deduction, it is a treasured vehicle for multi-generational involvement to build family unity, pride, and operationalize family values.

  10. The family is able to engage in open and honest dialogue and it is okay to disagree with family leadership without fear of judgment.


 

To learn more about philanthropy as a force for good in your family, contact us at 949-940-9140.



GETTING OUR MESSAGE OUT! 
Our Speaking Engagements 
 

Purposeful Planning Institute's Annual Rendezvous  featured an expert presentation, 
It's More Than Money. What's The True Reward of Putting Family First? by  Amy Castoro & Sybil Praski (July 27, 2018)

Trusts & Estates magazine webinar   Money Talks: What's it Saying to Your Client Families?  featured Amy Castoro and Sybil Praski (May 9, 2018)

Purposeful Planning Institute webinar, The Elephant in The Room: How to Deal With Distrust in Families, featured Amy Castoro and Sybil Praski (May 8, 2018)

Financial Magazine Invest in Women Conference panel discussion, Beyond Investment Management: Other Services for HNW Clients, included Sybil Praski  (May 2, 2018)

Upcoming:    STEP WY 2018 International Estate Planning Conference in Jackson, WY will feature a special presentation,  Money Talks: What's it Saying to Your Client Families?  by Amy Castoro (September 20-22, 2018)


Interested in having us speak at your next event? Contact Marion at marion@thewilliamsgroup.org



BEST NEW BOOK ON FAMILY WEALTH & VALUES   
 

Order today for $20 plus shipping 

"This book is a must-read for anyone who wants to ensure the wealth they leave their family has a positive impact." Pete Coors, Coors Brewing Company
To order a case of 33 books for the discounted price of $17 per book (plus shipping), call 949-940-9140. 







NOW AVAILABLE ONLINE!
 Family Readiness Assessment 


This in-depth 50Q survey measures a family's readiness for a successful estate transition. Findings are measured against The Williams Group's family research that identifies the core drivers that underlie 95% of post-estate transition success:
  • Trust and communication 
  • Heirs preparedness  
  • Values and purpose of wealth 
This Assessment is anonymous and is taken by all family members and provides a baseline for the family's current odds of post-transition success. 


Contact us to find out more about how we work with families. 

The Williams Group | www.thewilliamsgroup.org
Phone:  949.940.9104  Email: Marion@thewilliamsgroup.org