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David Herritt

Head of Center for Family Legacy
Truist Wealth
David Herritt is Head of Truist Wealth’s Center for Family Legacy. In this role he is actively involved with the development of resources to aid families in areas related to their human and intellectual capital. He has extensive experience in family meeting facilitation, family communication, family policy creation and next generation education. Further, David has direct oversight of all aspects of the delivery of family governance, education, enhanced reporting and expense management. Prior to his current role, David worked for a number of trust companies including Bankers Trust, Deutsche Bank Trust and U. S. Trust. David spent much of the early part of his 25 plus year career in Trust and Estate Administration. Over time, he transitioned to focusing on the human and intellectual capital topics facing families. He speaks and writes regularly for professional and client groups on a myriad of topics including family governance, family dynamics, next generation education and planning for closely held businesses. David attended Brockport State University and obtained a Bachelor of Science degree in Political Science and Economics. In addition, he obtained his Juris Doctor from the Cumberland School of Law. David is also a graduate of the National Graduate Trust School program at Northwestern University. David is involved with the Association of the Blind and the Connecticut Special Olympics.

SESSIONS

Building a Stewardship Mentality Speaker

A healthy approach to intergenerational wealth can be found in developing and building a stewardship mentality among all family members — that is, that family members are stewards of what’s been created, and responsible for passing this creation on to the Next Generation.

Raising Children with Wealth: Finding the Balance Speaker

Concurrent Workshop #1: All parents have reasons for why they do or do not share their wealth with their children, and neither option is without challenges. We at Truist Wealth’s Center for Family Legacy address this issue regularly with our clients as they work to find the right balance of passing along wealth while also passing along the skills required to ensure their children become responsible inheritors and/or beneficiaries as well as capable stewards of wealth. While every family is different, applying the general themes of best practices for managing and sustaining wealth will position parents to successfully prepare their children for the opportunities and responsibilities that come with significant wealth.