Episode Summary

70% of family wealth is lost by the second generation. 90% is gone by the third. Research by the Williams Group on 3,200+ families reveals the surprising reasons—and they're not what you'd expect.

Why Wealth Transfers Fail

• 3% – Bad investments or poor financial advice
• 12% – Lack of preparation of heirs (skills)
• 25% – Inadequately prepared heirs (values and purpose)
• 60% – Breakdown of communication and trust within the family

The Key Insight

85% of wealth transfer failures are people problems, not money problems.

What This Means

• Perfect tax structure won't save you if family can't communicate
• Best investment strategy fails without trust
• Sophisticated estate plan unravels without prepared heirs
• Legacy Assets are the real protection

Key Quote

"Wealth preservation isn't primarily a financial problem. It's a human problem. The families that last invest in communication, trust, values, and purpose—not just portfolios."

Resources & Next Steps

Visit producerswealth.com/family to download free copies of both books, watch the 10-minute video, or book a call.

Keywords

wealth transfer failure, generational wealth loss, 70 percent wealth lost, Williams Group study, family wealth statistics, why families lose wealth, shirtsleeves to shirtsleeves, wealth transfer success]]>