You may have heard this statistic from us before, but if you haven’t, did you know that 90% of families fail to keep their wealth for three generations? Why? The top reasons include lack of communication, lack of trust within the family, unprepared heirs, and no purpose for the money or family mission that is mutually agreed on. If one or more of these topics resonate with you, don’t worry. Hope is not lost. By learning to address these items, your family may be able to successfully keep its wealth for generations to come, and we will help teach you how.

In this episode of A Place of Possibility, we will give you actionable steps on how to hold family meetings that eliminate future conflict and foster purpose and harmony among your kids. Our tips and strategies include:

  • How to encourage and rally your family to join the meeting
  • The different meeting logistics you may need to consider
  • All of the topics that should be discussed
  • How to build an agenda
  • Tips to cope with resistance

And more!

If you’ve been avoiding the estate planning discussion, this is your sign to finally make it happen. As we hinted to above, avoiding it could be detrimental to your family’s well-being beyond the realm of wealth and finances. This is your chance to make your decisions heard and create an environment of understanding amongst all those involved. So, without further ado, let’s dive in!

P.S. Looking to meet with Richard or Angela at our office in Alamo, Ca? Want to discuss more of what you heard in this episode? Wondering where the heck you need to get started or what all of this means for your retirement plans? Scheduled free 30-minute session and find the peace of mind you deserve for the rest of your life. You can also reach by calling 925.736.6410 or send an email to

“These meetings are some of the most valuable, precious, memorable, uplifting things that your family could ever go through if you do them, right. You don’t let them get derailed.”

Did you mention “Guide” above? Why yes, yes we did. We’re proud to present you with our “Know Your Possibilities Guide,” a tool and free resource for you to take notes, review, keep on hand, or even share with your friends and family. So grab your copy, click the play button and follow along. You’re just minutes away from discovering your next Place of Possibility.

A Glance at this Episode:

0:00 Introduction

1:34 Why don’t people like discussing their estate plans, or more importantly, money with their children?

5:51 If you don’t talk to your kids now, they will be unprepared for their roles and responsibilities when the time comes. Here’s what you need to know.

7:44 These are the top reasons families fail to keep their wealth over multiple generations.

8:17 Interested in having a family meeting to discuss your estate plan? Listen in as Angela shares tips on how to get started.

10:17 Once you have the date set and everyone is on board, how do you decide what topics to cover?

11:30 Start listening now to hear one of Richard’s key tips to help get your wishes and take-aways from the meeting on record.

13:43 This topic is one of the most important, who’ve you appointed to be your executor and successor trustee. Why? Listen in.

18:01 Pro tip: Don’t forget to tell your kids where your estate planning documents are!

18:29 Have you thought about your digital estate? We know that sounds crazy, but this is something you need to consider in your planning.

19:44 Next up, real estate, what do you want your kids to know about managing your real estate investments?

20:55 Wondering who you should invite to the meeting? We can help you prepare the guest list.

22:15 Okay, it’s time to talk meeting logistics.

33:42 Now that we’ve got our topics, logistic, etc., how do we close the meeting?

35:00 This all sounds wonderful, but what happens if you have resistance?

39:19 Q&A: Can I talk about my estate plan without sharing financial balances?


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Links/Resources Mentioned in this Episode:


Del Monte Group offers a variety of free resources to help you make innovative and educated financial decisions so that you can keep, grow, and enjoy your wealth starting now. Find them by visiting“One-size-fits-all” won’t fit you here! The Del Monte Group team understands that everyone’s financial goals are unique. That’s why we always provide customized advice. No matter where you are in life, you can depend on our proven expertise to provide financial planning support for long-term success. Ready to get started? Schedule a meeting with Richard or Angela in our Alamo, CA based office today or we can meet via Zoom! >> You can select a date and time that works for you via our calendar, call us at 925.736.6410, or send an email to We can’t wait to help you!

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