Are your heirs ready to deal with the wealth you may be planning to pass on to them someday? It's an unfortunate fact that inheritors often struggle with their windfalls in ways that can be hazardous to their wealth.

On the latest installment of Through the Wealth Lens, Hannes Grascher unpacks the complex world of inheritances and the variety of internal and external conflicts that arise throughout this process.

Listen as Hannes outlines how his affluent clients prepare their heirs for the inheritance and why we can all take a page out of their playbook on this topic.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:14 - Why inheritances can be viewed as a double-edged sword

3:37 - The internal and external conflicts that arise for heirs

6:17 - Where to begin with helping to best prepare heirs

7:35 - What affluent families are doing to best prepare their heirs

9:53 - The need to foster financial intelligence among heirs at an early age

12:25 - Your heirs current views on wealth are an important consideration

14:34 - An approach to educating heirs that may better resonate with them

16:52 - Additional considerations for matriarchs and patriarchs

20:00 - These educational efforts should be implemented by all

23:00 - Who families can turn to for advice and guidance throughout this process

24:24 - How you can get in touch with Hannes and his team at UBS

25:20 - Closing remarks

Connect with Hannes Grascher:

Website

LinkedIn