Raising children to become healthy, responsible adults is as much of an evolving journey as it is a daunting task. And when financial wealth\u2014realized or yet-to-be realized based on the life stage of your family enterprise\u2014is part of the equation, this task can feel even more complicated.<\/strong><\/h1>\n <\/p>\n
For many business-owning families, early parenting is centered around protection\u2014keeping kids grounded, shielding them from entitlement, and making sure they grow up with a strong sense of values. But as kids transition into adulthood, the role of a parent shifts. Protection needs to give way to empowerment.<\/strong><\/em><\/h2>\n <\/p>\n
The challenge? Many parents don\u2019t realize that their long-held mental models about wealth and parenting may no longer be serving them well. So, how do you adapt to best shepherd children through the transition from teens to adulthood?<\/p>\n
This article is about taking stock of reality<\/strong><\/a>\u2014seeing who your kids actually are today, reassessing old parenting priorities, and making changes that help your children step confidently into their future.<\/p>\nRethinking Mental Models Around Wealth<\/strong><\/p>\nMost parents who live within a family business and financial wealth have deeply ingrained beliefs about money and its influence on their children. These beliefs shape their parenting choices, often without them realizing it.\u00a0 These \u201ccertainties\u201d often include:<\/p>\n
\n- Money ruins kids<\/em><\/li>\n
- Talking about money makes kids materialistic<\/em><\/li>\n
- My kids don\u2019t know we\u2019re financially wealthy\/will be wealthy<\/em><\/li>\n
- My kids aren\u2019t interested in our financial wealth<\/em><\/li>\n<\/ul>\n
Because of these fears, many parents take a \u201cbetter safe than sorry\u201d approach:<\/p>\n
\n- They avoid talking about money altogether.<\/li>\n
- They downplay their wealth, hoping their kids won\u2019t think about it too much.<\/li>\n
- They make financial decisions behind closed doors, assuming that\u2019s the best way to prevent entitlement.<\/li>\n<\/ul>\n
These strategies often come from a place of love and protection, but they eventually age out.<\/p>\n
Avoiding conversations about wealth doesn\u2019t teach young adults how to manage it. Shielding them from financial realities doesn\u2019t equip them to make good decisions. If parents don\u2019t take an active role in guiding their children into financial adulthood, who will? Instagram?<\/p>\n
If that thought makes you uneasy, then it\u2019s time to rethink the approach.<\/p>\n
Taking Stock: Who Is Your Child Today?<\/span><\/strong><\/a><\/p>\nOne of the hardest things for parents is to recognize when their child has matured. As parents, we spend years focused on raising, teaching, and guiding our young children. Muscle memory keeps us focused on this approach as the years pass. As our kids reach the later teens and early twenties, the reality is:<\/p>\n
\n- Their sense of self<\/strong> is taking shape.<\/li>\n
- Their values<\/strong> are solidifying.<\/li>\n
- Their frontal cortex<\/strong> (the part of the brain responsible for impulse control and decision-making) is maturing.<\/li>\n
- They are becoming capable of making thoughtful financial decisions<\/strong>\u2014if given the right tools and trust.<\/li>\n<\/ul>\n
If parents don\u2019t take a step back to acknowledge this growth, they risk parenting based on outdated fears instead of present realities.<\/strong><\/p>\nExample: The Motivated Son<\/strong><\/a><\/span><\/p>\nParents we work with were hesitant to talk about a pending liquidity event with their 22-year-old son. They feared that knowing about a significant inheritance would demotivate him.<\/p>\n
When asked what their son was like, they immediately started talking about a physically and mentally demanding training program he had enrolled himself in. Mid-story they paused and chuckled, \u201cYup, I guess that fear about him lacking motivation isn\u2019t really an issue.\u201d<\/p>\n
Example: The Entrepreneurial Daughter<\/strong><\/a><\/span><\/p>\nAnother couple had set up a trust to \u201cprotect\u201d their daughter from early access to family wealth. The reasoning? They feared she might make impulsive, emotional decisions that might take away funds she\u2019d need later in life\u2014 a totally rational decision when she was a young child and maybe even as she meandered through high school without focus.<\/p>\n
Fast forward to her mid-twenties\u2014she had \u201cfound her thing\u201d and was collaborating with a former professor to bring a video game she created to market. Do you know what would be more helpful to her than money locked up in a trust until she turned 40?\u00a0 Exactly. Some seed funding to pursue her entrepreneurial spirit.<\/p>\n
The Big Question for Parents<\/strong><\/a><\/span><\/p>\nAre the financial rules, structures, and narratives you created when your children were younger still serving them well\u2014or are they holding them back? (<\/strong>And might they be holding you back from the relationships you want to have with them as they grow into adulthood.)<\/p>\nMaking the Shift: From Protection to Empowerment<\/strong><\/a><\/span><\/p>\nOnce you recognize that your child is now an emerging adult, the next step is adjusting your approach. That means moving away from secrecy and control and toward guidance and partnership. One of the biggest tools for this transition? Transparency.<\/strong><\/p>\nThe Power of Financial Transparency<\/strong><\/a><\/span><\/p>\nMany parents struggle with the idea of being open about wealth. For years, the model was to \u201cprotect\u201d kids from knowing too much, either out of fear of entitlement or a desire to preserve childhood innocence.<\/p>\n
But as children enter adulthood, transparency becomes essential.<\/p>\n
Transparency isn\u2019t about handing over every financial detail overnight. It\u2019s about progressively involving them in financial conversations, so they can develop a sense of ownership and responsibility <\/strong>over their money, the family\u2019s wealth, and ultimately the family enterprise.<\/p>\nWhy Transparency Matters<\/strong><\/a><\/span><\/p>\n\n- It builds trust.<\/strong> Being open about wealth signals that you see them as capable adults \u2013 a key step if you hope to eventually involve them in the business.<\/li>\n
- It prevents misinformation.<\/strong> Without real numbers, young adults may assume the family\u2019s wealth is either far greater or far smaller than it actually is.<\/li>\n
- It allows them to plan for the future based on their reality.<\/strong> How many promising potential teachers chose careers that don\u2019t resonate with them because of pay? We all know drive, hard work, postive impact, self-worth, and pride can be embedded in one\u2019s career regardless of the size of the paycheck. \u00a0<\/li>\n
- It teaches real-world financial skills.<\/strong> Money management isn\u2019t just about numbers\u2014it\u2019s about values, discipline, and decision-making, which require both technical and emotional skills.<\/li>\n<\/ul>\n
How to Start the Conversation<\/strong><\/a><\/span><\/p>\nIf you haven\u2019t been open about wealth before, don\u2019t panic. It\u2019s never too late to start.<\/p>\n
Here are some practical ways to ease into financial transparency:<\/p>\n
\n- Normalize money conversations<\/strong>\n
\n- Talk about financial decisions openly, like planning a family vacation\u2014how costs are determined, why certain choices are made.<\/li>\n
- Discuss values around spending, saving, and investing.<\/li>\n
- Don\u2019t lecture. Raise questions. Seek understanding.<\/li>\n<\/ul>\n<\/li>\n
- Give them real financial responsibilities<\/strong>\n
\n- Instead of just handing them a credit card and getting mad at their spending, give them a budget to manage. Ask them to demonstrate their ability to save or to defer gratification.<\/li>\n
- Consider giving them an investment account to oversee and help them be successful in its management.<\/li>\n<\/ul>\n<\/li>\n
- Clarify expectations<\/strong>\n
\n- Be upfront about what financial support they can (or cannot) expect and when.<\/li>\n
- Discuss the purpose of family wealth\u2014its role in their lives and the broader family legacy. Share the values you have found rewarding in your life.<\/li>\n<\/ul>\n<\/li>\n
- Encourage financial education<\/strong>\n
\n- Help them understand taxes, investments, and financial planning.<\/li>\n
- Let them sit in on operating company meetings, or family investment meetings or foundation discussions.<\/li>\n<\/ul>\n<\/li>\n
- Share the family\u2019s financial history<\/strong>\n
\n- Talk about how wealth was created and managed (over generations if the case).<\/li>\n
- Discuss mistakes and lessons learned. Money management isn\u2019t just about success, but also resilience. Make sure they aren\u2019t paralyzed by the risk of failure and that failures can be learning and growth opportunities.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n
Final Thoughts: Evolving as a Parent<\/strong><\/p>\nParenting doesn\u2019t end when kids leave the house. It evolves.<\/p>\n
The transition from childhood to adulthood is a critical time for financial sense-making. This is when young adults bake-in their beliefs about wealth, responsibility, and independence.<\/p>\n
If parents continue to shield them from financial realities, they lose the chance to shape that understanding in a meaningful way. They\u2019ll also be sending off kids who are ill-equipped to stand on their own two feet (however the family defines that) or confidently enter the family enterprise.<\/p>\n
So, take stock of reality. Look at your children as they are today, not as they were five or ten years ago. Adjust your parenting approach, embrace transparency, and give them the tools to build a financially responsible and fulfilling future.<\/p>\n
Because in the end, the goal isn\u2019t just to raise kids who can handle financial wealth. The goal is to raise adults who can thrive both financially and personally.<\/p>\n
If you have any questions about this article, please contact us at wpg@pathstone.com<\/a><\/p>\n[\/et_pb_text][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Pathstone Logo & About” _builder_version=”4.27.4″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/www.pathstone.com” link_option_url_new_window=”on” border_color_all=”#FFFFFF” border_style_all=”none” global_module=”6687″ global_colors_info=”{}”]<\/p>\n
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About Pathstone<\/strong>
Pathstone is a partner-owned multi-family office dedicated to serving ultra-high net worth families, single family offices, foundations, and endowments. We are a Registered Investment Advisor and serve our clients as a fiduciary. Our advisors provide an integrated suite of services designed to empower our clients to realize their unique goals and maintain their legacy. Our expansive capabilities and personal, in-depth approach enable us to customize our solutions and leverage best practices to accommodate our clients\u2019 unique needs. <\/p>\n[\/et_pb_text][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Become a member text” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5822″ global_colors_info=”{}”]<\/p>\n
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\nAs we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n
The need for fact-based reporting of issues important to multi generational businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, multi generational businesses<\/a> and family businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to generationally-owned family businesses<\/a> built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n[\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/donate\/” button_text=”Become a Family Enterprise USA Member” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Become FEUSA member button” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” global_module=”6503″ global_colors_info=”{}”][\/et_pb_button][et_pb_divider color=”#397389″ divider_style=”dotted” divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_video_slider admin_label=”Video Slider Family Business Stories 3″ _builder_version=”4.20.2″ _module_preset=”default” global_module=”7257″ global_colors_info=”{}”][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=qkzuUypw3JU” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=L5QmaJqcm4Y” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=LyZMrONDbPE” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=tmxFubyBiHA” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=9Tn7ZliFx2I” _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/youtu.be\/Jx5o3EzVD1E” _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][\/et_pb_video_slider][et_pb_text disabled_on=”off|off|off” admin_label=”FEUSA Statement” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5910″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n
\nFamily Enterprise USA<\/a> promotes generationally<\/a> owned family business<\/a> creation, growth, viability, and sustainability by advocating for family businesses<\/a> and their lifetime of savings with Congress<\/a> in Washington DC.\u00a0 Since 2007, Family Enterprise USA<\/a> has represented and celebrated\u00a0all sizes, professions and industries of family-owned enterprises and multi-generational<\/a> employers. It is a bi-partisan 501.c3 organization.\u00a0Family foundations can donate.<\/a><\/p>\n
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[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
By, Jim Coutre, Managing Director, Head of Wealth Planning, Pathstone Raising children to become healthy, responsible adults is as much of an evolving journey as it is a daunting task. And when financial wealth\u2014realized or yet-to-be realized based on the life stage of your family enterprise\u2014is part of the equation, this task can feel even […]<\/p>\n","protected":false},"author":2,"featured_media":13552,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,92],"tags":[],"class_list":["post-13545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-multi-generational-business"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13545"}],"version-history":[{"count":4,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13545\/revisions"}],"predecessor-version":[{"id":13553,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13545\/revisions\/13553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/13552"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n
The challenge? Many parents don\u2019t realize that their long-held mental models about wealth and parenting may no longer be serving them well. So, how do you adapt to best shepherd children through the transition from teens to adulthood?<\/p>\n
This article is about taking stock of reality<\/strong><\/a>\u2014seeing who your kids actually are today, reassessing old parenting priorities, and making changes that help your children step confidently into their future.<\/p>\n Rethinking Mental Models Around Wealth<\/strong><\/p>\n Most parents who live within a family business and financial wealth have deeply ingrained beliefs about money and its influence on their children. These beliefs shape their parenting choices, often without them realizing it.\u00a0 These \u201ccertainties\u201d often include:<\/p>\n Because of these fears, many parents take a \u201cbetter safe than sorry\u201d approach:<\/p>\n These strategies often come from a place of love and protection, but they eventually age out.<\/p>\n Avoiding conversations about wealth doesn\u2019t teach young adults how to manage it. Shielding them from financial realities doesn\u2019t equip them to make good decisions. If parents don\u2019t take an active role in guiding their children into financial adulthood, who will? Instagram?<\/p>\n If that thought makes you uneasy, then it\u2019s time to rethink the approach.<\/p>\n Taking Stock: Who Is Your Child Today?<\/span><\/strong><\/a><\/p>\n One of the hardest things for parents is to recognize when their child has matured. As parents, we spend years focused on raising, teaching, and guiding our young children. Muscle memory keeps us focused on this approach as the years pass. As our kids reach the later teens and early twenties, the reality is:<\/p>\n If parents don\u2019t take a step back to acknowledge this growth, they risk parenting based on outdated fears instead of present realities.<\/strong><\/p>\n Example: The Motivated Son<\/strong><\/a><\/span><\/p>\n Parents we work with were hesitant to talk about a pending liquidity event with their 22-year-old son. They feared that knowing about a significant inheritance would demotivate him.<\/p>\n When asked what their son was like, they immediately started talking about a physically and mentally demanding training program he had enrolled himself in. Mid-story they paused and chuckled, \u201cYup, I guess that fear about him lacking motivation isn\u2019t really an issue.\u201d<\/p>\n Example: The Entrepreneurial Daughter<\/strong><\/a><\/span><\/p>\n Another couple had set up a trust to \u201cprotect\u201d their daughter from early access to family wealth. The reasoning? They feared she might make impulsive, emotional decisions that might take away funds she\u2019d need later in life\u2014 a totally rational decision when she was a young child and maybe even as she meandered through high school without focus.<\/p>\n Fast forward to her mid-twenties\u2014she had \u201cfound her thing\u201d and was collaborating with a former professor to bring a video game she created to market. Do you know what would be more helpful to her than money locked up in a trust until she turned 40?\u00a0 Exactly. Some seed funding to pursue her entrepreneurial spirit.<\/p>\n The Big Question for Parents<\/strong><\/a><\/span><\/p>\n Are the financial rules, structures, and narratives you created when your children were younger still serving them well\u2014or are they holding them back? (<\/strong>And might they be holding you back from the relationships you want to have with them as they grow into adulthood.)<\/p>\n Making the Shift: From Protection to Empowerment<\/strong><\/a><\/span><\/p>\n Once you recognize that your child is now an emerging adult, the next step is adjusting your approach. That means moving away from secrecy and control and toward guidance and partnership. One of the biggest tools for this transition? Transparency.<\/strong><\/p>\n The Power of Financial Transparency<\/strong><\/a><\/span><\/p>\n Many parents struggle with the idea of being open about wealth. For years, the model was to \u201cprotect\u201d kids from knowing too much, either out of fear of entitlement or a desire to preserve childhood innocence.<\/p>\n But as children enter adulthood, transparency becomes essential.<\/p>\n Transparency isn\u2019t about handing over every financial detail overnight. It\u2019s about progressively involving them in financial conversations, so they can develop a sense of ownership and responsibility <\/strong>over their money, the family\u2019s wealth, and ultimately the family enterprise.<\/p>\n Why Transparency Matters<\/strong><\/a><\/span><\/p>\n How to Start the Conversation<\/strong><\/a><\/span><\/p>\n If you haven\u2019t been open about wealth before, don\u2019t panic. It\u2019s never too late to start.<\/p>\n Here are some practical ways to ease into financial transparency:<\/p>\n Final Thoughts: Evolving as a Parent<\/strong><\/p>\n Parenting doesn\u2019t end when kids leave the house. It evolves.<\/p>\n The transition from childhood to adulthood is a critical time for financial sense-making. This is when young adults bake-in their beliefs about wealth, responsibility, and independence.<\/p>\n If parents continue to shield them from financial realities, they lose the chance to shape that understanding in a meaningful way. They\u2019ll also be sending off kids who are ill-equipped to stand on their own two feet (however the family defines that) or confidently enter the family enterprise.<\/p>\n So, take stock of reality. Look at your children as they are today, not as they were five or ten years ago. Adjust your parenting approach, embrace transparency, and give them the tools to build a financially responsible and fulfilling future.<\/p>\n Because in the end, the goal isn\u2019t just to raise kids who can handle financial wealth. The goal is to raise adults who can thrive both financially and personally.<\/p>\n If you have any questions about this article, please contact us at wpg@pathstone.com<\/a><\/p>\n [\/et_pb_text][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Pathstone Logo & About” _builder_version=”4.27.4″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/www.pathstone.com” link_option_url_new_window=”on” border_color_all=”#FFFFFF” border_style_all=”none” global_module=”6687″ global_colors_info=”{}”]<\/p>\n About Pathstone<\/strong> [\/et_pb_text][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Become a member text” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5822″ global_colors_info=”{}”]<\/p>\n As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n The need for fact-based reporting of issues important to multi generational businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, multi generational businesses<\/a> and family businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to generationally-owned family businesses<\/a> built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/donate\/” button_text=”Become a Family Enterprise USA Member” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Become FEUSA member button” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” global_module=”6503″ global_colors_info=”{}”][\/et_pb_button][et_pb_divider color=”#397389″ divider_style=”dotted” divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_video_slider admin_label=”Video Slider Family Business Stories 3″ _builder_version=”4.20.2″ _module_preset=”default” global_module=”7257″ global_colors_info=”{}”][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=qkzuUypw3JU” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=L5QmaJqcm4Y” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=LyZMrONDbPE” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=tmxFubyBiHA” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=9Tn7ZliFx2I” _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/youtu.be\/Jx5o3EzVD1E” _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][\/et_pb_video_slider][et_pb_text disabled_on=”off|off|off” admin_label=”FEUSA Statement” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5910″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n Family Enterprise USA<\/a> promotes generationally<\/a> owned family business<\/a> creation, growth, viability, and sustainability by advocating for family businesses<\/a> and their lifetime of savings with Congress<\/a> in Washington DC.\u00a0 Since 2007, Family Enterprise USA<\/a> has represented and celebrated\u00a0all sizes, professions and industries of family-owned enterprises and multi-generational<\/a> employers. It is a bi-partisan 501.c3 organization.\u00a0Family foundations can donate.<\/a><\/p>\n [\/et_pb_text][et_pb_text disabled_on=”off|off|off” admin_label=”Hash tags & Tags” _builder_version=”4.21.0″ _module_preset=”default” global_module=”6498″ global_colors_info=”{}”]<\/p>\n #incometax #taxseason #federaltaxpolicy #taxation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #CapitalGainsTax #incometaxrates #incometaxseason #taxrefund #taxreturn #incometaxreturn #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #FamilyBusiness #promotefamilybusinesses #familyowned #supportlocalbusiness #womeninbusiness #AdvocatingForFamilyBusinesses #Generationallyowned #Multigenerationalbusiness\u00a0 @FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyEnterpriseUSA #PolicyAndTaxationGroup #DitchTheEstateTax<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" By, Jim Coutre, Managing Director, Head of Wealth Planning, Pathstone Raising children to become healthy, responsible adults is as much of an evolving journey as it is a daunting task. And when financial wealth\u2014realized or yet-to-be realized based on the life stage of your family enterprise\u2014is part of the equation, this task can feel even […]<\/p>\n","protected":false},"author":2,"featured_media":13552,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,92],"tags":[],"class_list":["post-13545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-multi-generational-business"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13545"}],"version-history":[{"count":4,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13545\/revisions"}],"predecessor-version":[{"id":13553,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13545\/revisions\/13553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/13552"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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Pathstone is a partner-owned multi-family office dedicated to serving ultra-high net worth families, single family offices, foundations, and endowments. We are a Registered Investment Advisor and serve our clients as a fiduciary. Our advisors provide an integrated suite of services designed to empower our clients to realize their unique goals and maintain their legacy. Our expansive capabilities and personal, in-depth approach enable us to customize our solutions and leverage best practices to accommodate our clients\u2019 unique needs. <\/p>\nWe hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n
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