Every founder Kris Kluver has worked with carries the same silent and massive fear. I don't want to screw up my kids. The fear is rational. Wealth without preparation regularly produces entitlement, addiction, lost relationships, and squandered potential. But the fear left unaddressed produces its own damage. Founders overcontrol. They build rigid trust structures. They withhold context the kids need. They postpone the transition until something breaks. Kris Kluver, in The Dysfunctional Family Office, treats this fear as the starting point for the whole family transition conversation. Naming it openly is the first step. Building a plan that addresses both the wealth and the readiness is the second. Most founders carry this fear alone for decades. They rarely realize their kids are carrying their own version of it.
Why am I terrified that giving my kids the money I built for them will ruin them?
From: Ch 3: We're All Crappy Psychics
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