About this episode

The episode discusses how engaged citizenship can help wealthy families overcome the challenges of raising productive heirs amidst societal pressures.

Citizen Heir: How Engaged Citizenship Helps Solve The Three Generation Rule Destroying Most Wealthy Families https://youtu.be/yyt4d271lSU Citizen Heir Successful families right now are struggling mightily to raise their kids to be productive, moral people in an Instagram me‑first world. The question I keep hearing from parents who are serious about it is, where do you turn when achievement gets measured in dollars and likes? The stories of ruined generations are as old as time itself. There’s even a phrase for it: “shirt sleeves to shirt sleeves in three generations.” Every culture has a version of that saying, and they all mean the same thing. The question I keep coming back to is, why do some families break that pattern when so many others don’t? The ones who do almost always took seriously something harder than drafting a good estate plan. They took seriously the job of raising a good heir. And today, I want to share a concept that comes back constantly in those conversations I have with clients. I call it the “citizen heir.” Citizenship has been on my mind a lot lately with America’s 250th birthday coming up. We live in divided times, and the discourse…

People in this episode

Host: Frazer Rice

Topics covered

• engaged citizenship
• wealth management
• family legacy
• raising heirs
• civic responsibility
• three generation rule

Keywords

• citizen heir
• wealthy families
• family values
• generational wealth
• civic engagement
• Instagram culture

Mentioned in this episode

Places: America

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