Summary

In this episode, Mark Shiller shares insights on creating a good family of wealth, the importance of long-term planning, and how to avoid common pitfalls that can harm family legacy. Discover practical strategies for structuring wealth, fostering family connections, and ensuring sustainable success across generations.

Keywords

family wealth, estate planning, succession, long-term wealth, family legacy, financial literacy, family connections, wealth management, generational wealth, family office

key topics

• What does good look like for a family of wealth
• The importance of relationships over material wealth
• Long-term estate planning and family structures
• Questions to ask when structuring wealth
• The role of advisors and how to choose them
• Addressing dependence and engagement in wealth
• The importance of family connection and purpose
• Common mistakes in family wealth management

Guest Name

Mark Shiller

Titles

• Building a Lasting Family Legacy: Insights from Mark Shiller
• How to Avoid Ruining Your Kids with Wealth

Sound Bites

• "Good in a family of wealth is about relationships"
• "Don't give money too much power over your family"
• "Most families lack a clear focal point for succession"

Chapters

00:00Defining a Great Advisor

01:58What Does Good Look Like for Wealthy Families?

03:53Translating Good into Daily Decisions

06:24Key Questions for Effective Estate Planning

08:15Understanding Dependence and Family Dynamics

10:54The Importance of Long-Term Planning

14:57Bringing Long-Termism into Wealth Management

18:53Character, Knowledge, and Capacity in Wealth Management

23:52Avoiding the Pitfalls of Wealth with Children

26:46Navigating Wealth Dynamics in Families

29:06The Balance Between Preservation and Growth

34:02Common Pitfalls in Family Wealth Management

39:11Choosing the Right Advisors for Family Wealth

43:58The Importance of Succession Planning

How to contact Mark Shiller

Website: www.markshiller.com www.certuslegalgroup.com

LinkedIn: https://www.linkedin.com/in/mshiller/

X: https://x.com/MarkShiller

Book: Amazon and many other retailers. Audiobook on Audible and many other retailers.

Email: mshiller@markshiller.com