The Whitnell Way

Insights For Business Owners, Executives And Affluent Families

Viewing Blogs by Lisa Olson

How To Protect Your Family After You’re Gone

Five Lessons Learned From My Dad And Aretha Franklin

My dad and Aretha Franklin have something in common.  No, he wasn’t a world-famous Rock and Roll Hall of Fame singer and songwriter.  I can’t say that I have ever actually heard him sing.  He was a quiet and private man who lived a relatively simple life.  What they did have in common is that they both died intestate, which means they died without having a will in place. 

The way he passed from this life left his children with a heavy burden to bear.  I’ve been reflecting these past few weeks on how the choices we make while we’re still alive have such a powerful impact on the people we love after we’re gone.  If you want to protect your loved ones from these burdens, here are five lessons that I know, from personal experience, will really help your family.

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How To Protect Your Family After You’re Gone

How A Family Office Reduces Complexity

Affluent Families Need An Integrated Approach To Managing Wealth

Affluent families who face complexity in their financial lives will find that an integrated family office delivers real peace of mind. Simply put, a family office approach reduces complexity by coordinating key family advisors, integrating disparate financial interests and aligning stakeholders to support critical family decisions. The result is that affluent families can focus on being a family instead of worrying about how their wealth is managed.

But what exactly is a family office? The phrase “office” can have more than one meaning. Office can mean a set of rooms or a building where business is conducted. By this definition, a family office is simply the building where the business of your family is conducted.

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How A Family Office Reduces Complexity