Does Your Family Have Strong Trust and Communication For a Successful Wealth Transfer?

One of Buffet's truths that separate the doers from the dreamers is investing in communication skills. "One easy way to become worth 50 percent more than you are now at least is to hone your communication skills -- both written and verbal," Buffett once said.

Our work at The Williams Group centers on this very principle. The majority of families that fall apart through wealth transition do so over the lack of trust and communication. Compared to the amount of money spent on managing assets and minimizing taxes, making an investment in family unity is an investment that keeps on giving. The skills our clients learn at a young age give them a competitive advantage, not just as a family, but individually as they navigate their careers, marriages, and lives.

Buffet's words of wisdom are again timeless. Learning the fundamentals of how our communication skills create or close down opportunities is a very powerful skill. When we begin to see how we can use language to shape our future, we have a competitive advantage that gives us the power and agency to design our lives the way we want. In uncertain times, gaining skills in managing one's mood by learning to communicate their own needs fosters more confidence and serenity. Give us a call to learn more about how your family can strengthen trust and communication and fortify yourselves against the forces of wealth and uncertainty.