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What trust and estate attorneys establish in terms of the division of assets and their control can affect how a family's members deal with each other for several generations. One lawyer confessed that it was not until recently, when some of his clients were dying, that he saw the results of the trusts that he'd established years ago and he did not like what he saw in terms of the human capital side

8 Min Read
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Fredda Herz Brown, co-founder, managing partner and senior consultant, and Mark B. Rubin, co-foun

What trust and estate attorneys establish in terms of the division of assets and their control can affect how a family's members deal with each other for several generations. One lawyer confessed that it was not until recently, when some of his clients were dying, that he saw the results of the trusts that he'd established years ago — and he did not like what he saw in terms of the human capital side of the equation.

All lawyers try, as best they can and in concert with their clients' overall wishes, to provide clients with ways to maintain their wealth and pass it on to the next generation. What these attorneys often miss is that, through the...

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About the Authors

Fredda Herz Brown

Senior Consultant, Relative Solutions

http://relative-solutions.com/bios/fredda-herz-brown/

Fredda Herz Brown, PhD, is a pioneer in the field of family enterprise. Her numerous contributions over a quarter century have helped to establish standards of professional practice and develop the body of knowledge that defines the work of the field to this day. She is the co-author of the highly acclaimed and innovative The Family Wealth Sustainability Toolkit. Combining an online index with a book, the toolkit provides an innovative way for wealthy individuals, family offices, and the financial planners, advisors, and wealth managers who counsel them to better assess their wealth sustainability skills.

Dr. Herz Brown has authored many articles, and has served as a mentor to many young consultants and family enterprise scholars, which demonstrate her thought leadership in the field. Fredda is also the author of Reweaving the Family Tapestry, which encapsulated her model for understanding and working with families as they evolve through their life cycles.

Fredda is in high demand as a panelist, workshop leader, and lecturer. She continues to serve as a guest lecturer for a number of academic programs. Fredda serves as the chair of the Professional Advisory Board of the NY Family Enterprise Center. Her distinguished career accomplishments have been honored by awards from the Family Office Exchange and the Family Firm Institute, where she is a Fellow and founding board member.

Learn more about Fredda Herz Brown at www.relative-solutions.com and www.familywealthsustainability.com.