The Heritage Process

The Speaker from the November 22nd meeting was our own member Wayne Johnson to discuss the Heritage Design Process with regard to financial and estate planning.  Studies have shown that 90 percent of families fail when it comes to keeping the family unity and its assets together for more than three generations.  There are many reasons for that, but the most important question that fact raises is:

If 90 percent of families fail, what do the 'successful' 10 percent do differently?

The difference is not in financial or estate planning.  The difference is that a 3rd element of planning, known as heritage design is needed.

The Heritage Design prepares heirs to receive both financial as well as their emotional inheritances.  It shapes and guides the decisions people make regarding their financial and estate planning.  Heritage design can be as simple as creating special family traditions that foster communication between family members, to the establishment of  multi-generational family governance structures.  This proven process helps people to discover and secure the future they really want. It was developed to help families and individuals to get stronger today, and to achieve their dreams across generations.

In the Heritage Design Process, families learn to:

* Identify family stories, values, life lessons and experiences, and use them as the cornerstone for all their planning.
* Communicate effectively on an adult-to-adult level.
* Prepare & equip the next generations.
* Work together, and mentor the children in the skills they'll need to succeed as individuals and as a united family.

The principles of The Heritage Process have nothing to do with money. They apply to people at all income levels because designing for the future of your money is not the same as designing for the future of your family.