Why Most Families Lose Their Wealth by the Third Generation and How to Stop It | Andrew Howell скачать в хорошем качестве

Why Most Families Lose Their Wealth by the Third Generation and How to Stop It | Andrew Howell

Think a will is enough to protect your legacy? What if it’s the fastest way to lose everything you’ve built? In this episode of Executive Connect, host Melissa Aarskaug welcomes Andrew Hall, estate attorney, entrepreneur, and co-founder of York Howell and COREnology™. Together, they unpack why 70% of families lose their wealth within three generations, and how that trend can be reversed. Andrew shares how wealth is quietly eroded through division, taxes, poor planning, and lack of purpose. He explains why a will alone isn’t enough, and how families can preserve both their money and meaning by aligning their estate plans with their core values. With real-life stories, hard truths, and a bit of humor, Andrew outlines how to build a “living legacy” that lasts, without the family drama. What You’ll Learn Why wills and trusts often fail to preserve wealth The four silent ways family wealth disappears How to pass on values, not just money Why most estate plans don’t reflect what families actually want How to get your kids involved without creating entitlement The one tool that helps families uncover their core values What successful families do differently after a loved one passes How to rebuild when wealth has already been misused or lost Episode Highlights: (0:40) The uncomfortable truth about how wealth erodes (1:36) The four major reasons wealth doesn’t make it to the third generation (5:46) Why just having a will is the fastest way to lose a legacy (12:31) A look inside COREnology™ and how families can define their values in 20 minutes (21:19) How to shift from just preserving wealth to creating purpose (27:14) What to do if your family’s wealth is already in decline (33:41) The power of setting expectations early with your heirs (35:09) Final advice: Why values-aligned advisors matter most Connect with Andrew Hall Email → [email protected] Website → https://www.yorkhowell.com/ Book → Entrusted: Building a Legacy That Lasts Values Tool → https://corenology.com/ Connect with Melissa Aarskaug LinkedIn →   / melissa-aarskaug   Podcast LinkedIn →   / my-executive-connect   Website → https://www.executiveconnectpodcast.com If you like the content please do share, subscribe and like the channel. Tune in to the complete episode on the channel under podcasts. For more visit - executiveconnectpodcast.com #executive #leadershipdevelopment #team #cxos #ceo