Inspired Legacies is a unique social network and community for people with wealth who seek a better life and world.
"Shirtsleeves to shirtsleeves in three generations"
the popularity of the phrase "shirtsleeves to shirtsleeves in three generations" evidences the rarity of successful legacies. tragically and repeatedly, approximately 70% of families around the world continue to lose control of their assets and family harmony within three generations of a wealth transfer.
"Shirtsleeves to shirtsleeves in three generations" (American)
"Clogs to clogs in three generations" (English)
"Wealth does not survive three generations" (Chinese)
"The third generation ruins the house" (Japanese)
"From stable to stars to stables" (Italian)
why do legacies repeatedly fail?
a 20 year study conducted by the williams group (www.thewilliamsgroup.org/index.cfm) concluded the following:
unmitigated risks within the family (LACK OF TRUST & COMMUNICATION, FAILURE TO PREPARE HEIRS AND lack of a FAMILY MISSION) account for a whopping 95% of failed legacies, whereas legal, financial, tax, and other technical risks external to the family account for only 5% of failed legacies.
successful legacies require a New approach
WE NEED A THOUGHTFUL APPROACH TO LEGACY BUILDING THAT EFFECTIVELY ANTICIPATES THE CHALLENGES POSED BY THESE INTERNAL RISKS. THE BEST LEGACY PLANNING INVITES, envisions, COLLABORATes, EMPOWERs, and creates TRUST AND COMMUNICATION.
OUR NEXT STEPS
WITH YOUR SUPPORT AND REFERRALS, WE ARE BUILDING A DIVERSE AND SUPPORTIVE WORLD-WIDE COMMUNITY OF WEALTH CREATORS AND INHERITORS. WE SEEK TO CONNECT PEOPLE EXPERIENCED IN INHERITANCE MATTERS TO PEOPLE WHO WANT TO APPLY THEIR FAMILY'S FINANCIAL AND HUMAN WEALTH TO BUILD A BETTER LIFE AND WORLD.
THROUGH COLLABORATION, SUPPORT, and benefitting from the lessons we've learned, WE CAN ESCAPE THE "SHIRTSLEEVES TO SHIRTSLEEVES" OUTCOME, so we may thrive AND live meaningful lives.