The onset of COVID-19, the movement for racial justice and warp-speed changes in biotechnology â these are a few of todayâs realities transforming family aspirations to prepare the next generation of inheritors to anxieties about how to do just that.
While this task may be anxiety-inducing for many families, it is as critical as ever for those seeking to successfully transfer wealth. Effectively preparing heirs has taken on a new meaning in todayâs world, as showcased by the new sociopolitical realities younger generations are facing. In that context, who better to provide insight into the support and resources inheritors need than the inheritors themselves? Hawthorn, PNC Family Wealth, through its Institute for Family Success offering, has gathered this feedback and identified five effective strategies to help your NextGens live adaptive, sustainable lives.