Wealth of Wisdom

Mary Duke – Should You Have a Family Meeting?

In this episode, Tom interviews Mary Duke about family meetings. Families are very complex ‘organizations’ all on their own, and the addition of wealth brings even more complexity. Families also face many changes over time – some predictable and some unexpected – which adds tends to add stress. So, good communication is key and family meetings are a helpful way to keep members in the loop and make decisions together. Mary offers practical guidance on using family meetings effectively. What are the benefits of a family meeting? Should every family have them? What should be on the agenda? Where should they be held? Who should and shouldn’t be invited? Should you use a facilitator? What should the ground rules be?