For families, money can act as a magnifier.

How do families avoid the downside of wealth? By facing up to the dilemmas that money presents to them, according to Judy Martel, CFP. Drawing on the experiences of real families and of leading thinkers in the field, she offers extensive guidance to wealthy families and their advisers in dealing with the challenges of family wealth. Some of the questions she address:

◆What happens when the founder of the family!|s fortune refuses to empower the next generation and relinquish control?

◆How can families break down the communication barriers that lead to conflict and
destructive behavior?

◆What can be done to nurture growth of the family!|s human and intellectual capital, the two qualities most likely to ensure success of the next generation?

◆How can parents provide for the next generation without stifling the initiative and independence of their children?

 

Judy Martel, CFP ,is a voice president at Asset Management Advisors (AMA), a leading multi-family office and subsidiary of SunTrust Banks, lnc. Ms. Martel has twenty years of experience in journalism and public relations. She was a newspaper journalist for eleven years, and she has written extensively on wealth issues and family dynamics for such publication as Robb Report Worth, Town & Country, and Vive magazine where she writes a regular column. She is a certified financial planner.