Many families focus on growing wealth and minimizing estate taxes. But the bigger risk? Falling into the same trap 90% of successful families do by losing the wealth within three generations due to a lack of shared values and meaning.
In this episode, Brady Fineske, CFP®, speaks with Chris Erblich, CEO of TFO Wealth Partners and Partner at Husch Blackwell, who shares powerful, real-life stories that demonstrate how wealth without purpose often fails.
Through emotional anecdotes, from banana peels to legacy letters and life-defining questions, they explore how families can and should pass down more than wealth itself.
Chris discusses:
- Why most families fixate on the estate tax “40% problem” and ignore the much greater “90% problem” of generational wealth loss
- A billionaire who reframed his legacy around job creation, revealing to his children the true purpose behind his wealth
- A heartfelt letter from a father to son that became the most valuable asset passed down, not financial, but moral
- The “dash” concept: a tool used in family meetings to reflect on how each member is spending their time and energy to create impact
- A conversation with Clayton Kershaw that reframed professional accolades as a platform for purpose, challenging listeners to identify their own
- And more
This episode isn’t just educational, it’s emotional. It challenges you to pause and reflect on the impact you’re making…and how your family will carry it forward.
