Wealthy Families Losing It All In 3 Generations

Wealthy Families Losing It All In 3 Generations

Wealthy Families Losing it All in 3 Generations

Did you know that 90 percent of wealthy families lose their fortune by the third generation? According to the Courtney Pullen, president of the Pullen Consulting Group, 10 percent of families who made it past the third generation did so by deliberately investing as much time and energy in the family as in creating wealth. According to Pullen, the older generation is so busy generating wealth that they completely overlook ensuring that the following generations know how to maintain wealth in the long term.

When working with affluent clients, Pullen concentrates on strategic planning and leadership development to teach strategies on how to maintain wealth.

For more information, please read:
Why Do So Many Wealthy Families Lose it All in 3 Generations   |   LifeHealthPRO

 

ADDITIONAL RESOURCES:
White Paper: Using a PFLP in Multi-Generational Estate Planning
Expanded Digital Estate Planning Organizer

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