David Herritt
SESSIONS
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.
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.