Family, Money, and Values

What are you teaching your kids and grandkids about money? On Wednesday, May 1, we invited attorney Zac Lamb with Ward & Smith, P.A. to discuss these questions in a special presentation for our clients: How do you talk with your children or grandchildren about money? How does your family’s relationship to money reflect your values? How can they learn to manifest those values through your assets?

Use the player below to listen to Zac’s full presentation.

Follow along

View Zac Lamb’s presentation slides,“How to Talk to your Children or Grandchildren About Money,” as you listen to his talk — or download them for your own reference.

Need help getting started?

Raymond James provides a helpful guide for facilitating a thoughtful conversation about your family’s wealth, values and future. Download “Hosting a family meeting”

Other Resources

“Keeping It in the Family” (Raymond James Point of View article, May 14, 2019)
As more baby boomers approach retirement, they’ll start thinking about transferring wealth. Many plan to leave generous inheritances, but that’s not always as easy as it sounds. In fact, approximately 70% of family wealth disappears when distributed across multiple generations. Read more

“The Early Vanderbilts Illustrate a Typical Wealth Snag” (Raymond James For What It’s Worth podcast, April 24, 2019)
You probably aren’t passing down a railroad empire – but it’s still important to set your heirs up for success. Listen now

“Should Your Estate Plan Address Addiction?” (Raymond James Point of View article, February 20, 2019)
Planning to pass down your legacy often requires you to address difficult questions and make hard choices. One of the most challenging topics to consider is substance abuse, and, more specifically, how your plan will function if a child or grandchild develops a drug or alcohol addiction problem. For families with a history of substance abuse, this can be a core consideration when drafting documents. These families may find, however, that planning solutions in this area are elusive. Read more