Founders almost always carry untested assumptions about family readiness. The estate plan gets built around what the founder thinks the kids want and what the founder hopes they will do, not around what the kids have actually said out loud. The result is a transition that lands like a surprise instead of a partnership. Kris Kluver argues that real readiness shows up in three places. Have you had advanced conversations with each adult child about their actual intentions. Have you written down what you want the wealth to do and not do. Have they read it. If the answer to any of those is no, the family isn't ready yet.
How do I know if my family is actually ready for a wealth transition?
From: Prologue
Also asked
- how to test family readiness wealth transition
- have I asked my kids if they even want this
- what assumptions am I making about my family being ready and have I tested them