When is the best time to talk to children about money and the family’s wealth? How do you pass values to children instead of just money? How does the generation that created the wealth avoid producing a generation without drive and ambition? How can you educate children to become good stewards of the family wealth? If you ever ask yourself these or similar questions, this episode of “Wealth Matters” – the radio show where we discuss the opportunities and challenges of preserving and managing wealth – is for you!
During this episode of “Wealth Matters”, attorneys Adam Gaslowitz and Craig Frankel lead a panel discussion with Donna Trammell, Director of Family Wealth Stewardship and Managing Director at Bessemer Trust; Barry Frankel, Partner-In-Charge of the Dispute Resolution Services Group at Habif, Arogeti & Wynne, LLP; and David Dodson, Executive Director and Financial Advisor at Morgan Stanley Wealth Management. The topic of their discussion is “How Wealthy Families Can Talk With Their Children About Wealth.”
Donna Trammell/Bessemer Trust
As a Director of Family Wealth Stewardship and Managing Director at Bessemer Trust, Donna Leads Bessemer’s initiatives with next-generation education, family communication, and governance. She works directly with clients’ families on a range of issues, including tailoring wealth educational programs for individual family members, facilitating family meetings, and helping family members make decisions as a group. Donna shares best practices and practical techniques gleaned from Bessemer’s experience working with multigenerational families. She is a certified 21/64 multi-generational facilitator.
Barry Frankel/Habif, Arogeti & Wynne, LLP
As a Partner in Charge of the Forensic Accounting, Litigation Support, and Business Valuation Services practice group of Habif, Arogeti & Wynne, LLP, Barry is a leader of a team that was named Georgia’s Outstanding Forensic Accounting practice for 2013 (and 2012) by The Daily Report. The services provided by his firm include internal investigations, transaction analysis, business valuations, damages calculations, and related matters. His personal experience includes commercial and domestic cases, and he is also an experienced mediator, an arbitrator, and a court-appointed Special Master/Auditor and Receiver. He works out both Atlanta and Sarasota, FL offices.
David Dodson/Morgan Stanley Wealth Management
As a Financial Advisor and Executive Director at Morgan Stanley Wealth Management, David Dodson has been assisting client families and their advisors in devising, planning, and implementing wealth management and transfer strategies for approximately twenty years. Having served as a senior trust and estates specialist, as well as Division Director, with responsibility for the tax attorneys, trust specialists, and insurance specialists within Merrill Lynch’s Wealth Structuring Group from Michigan to Florida, David offers clients valuable perspective on the tools, strategies, and best practices related to the constructive transfer and efficient administration of significant wealth.
About Gaslowitz Frankel:
Gaslowitz Frankel LLC is an experienced trial practice firm specializing in all aspects of complex fiduciary litigation, representing individuals, companies, banks, and fiduciaries in will, trust, and estate disputes; investor and financial advisor disputes; shareholder/ partnership disputes; contract disputes; complex commercial disputes; and appeals.
If you enjoyed the show and would like to connect with our guest experts, please see their contact information below.
To view all episodes of “Wealth Matters,” visit this Pinterest board – click here
To watch the video introduction of our hosts – click here
To watch the video of this show – click here
Remember to come back and listen live every 4th Wednesday of the month at 8:30 am!
And follow us on Twitter for news and updates on the show – click here to follow @EstateDispute
Thank you for your support! Feel free to share this episode with your friends and colleagues.