PANEL SUMMARY
The panel emphasized that legacy planning should transcend financial inheritance, integrating wellness as a pivotal aspect of transmitting values across generations. Panelists highlighted strategies for addressing psychological health and explored the task of managing delicate family dynamics in the context of wealth transfer. The panel explored practical mechanisms for nurturing continuity and addressing challenges head-on so as to create a more holistic and inclusive approach to legacy planning that honors individual wellness while fostering a sense of shared purpose and continuity across generations.
ATTENDEE POLLING DATA
Which of the following challenges or barriers have you or the clients you advise encountered when attempting to instill family values and promote continuity among generations? Select all that apply:
(A) Generation gap and differing perspectives on family values
21%
(B) Lack of interest or engagement from younger family members
38%
(C) Family conflicts or tensions affecting communication and trust
26%
(D) Difficultly in balancing individual aspirations with collective family goals
13%
(E) Logistical challenges / scheduling conflicts in organizing family activities
2%
What key values do you feel that families of wealth wish to pass on to the next generation?
PALM BEACH FAMILY OFFICE FORUM | 13
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