When meeting with affluent family clients, advisers frequently invoke the warning: “shirtsleeves-to-shirtsleeves in three generations.” This popular quote strongly suggests that, without careful planning, a family’s wealth will be dissipated by the time it reaches the grandchildren of the wealthcreating generation. It is thought to derive from the old English proverb, “there’s nobbut three generations… Read more »
Month: August 2015