[Recording] The Legacy of Wealth: How—and When—to Prepare Your Heirs

What does it truly mean to establish a legacy? In this conversation powered by TIGER 21, our panel of wealth, estate, and family office experts went beyond tax considerations and trust structures to get to the heart of preparing your heirs to carry out the vision and values established for the wealth they will inherit. 

Download the call summary (PDF)

Listen in as TIGER 21 Chairs Ron Diamond, Doug Johnson, and Michele Skelding, discuss the common considerations and blind spots ultra-high-net-worth wealth creators encounter. Discover best practices from ultra-wealthy individuals and families for establishing a meaningful legacy, involving NextGen family members, and communicating your wishes, including: 

• How—and when—to talk to your heirs about the wealth they’ll inherit, while instilling values like gratitude and a sense of purpose 

• Recognizing and dealing with “founder’s syndrome”—when the wealth creator struggles to share decision-making power 

• Balancing thoughtful estate planning with the emotional readiness required to truly transfer values, not just assets 

• How to approach generational differences, including heirs who are not interested in the family business 

You will gain new insights and perspectives on creating a true legacy, one that will deliver on your mission and intent for generations to come. 

Moderator: Michele Skelding, Austin TIGER 21 Chair

Michele Skelding is a Founder at Capital Sage Ventures and Co-Chair for 50/50 Women on Boards. Michele brings deep industry knowledge garnered during a diverse career across the technology industry, including both Fortune 100 companies and early stage private and venture backed start-ups. Michele is an integral member of Austin’s innovation community. She served as SVP of Technology and Innovation at the Austin Chamber of Commerce, leading efforts to boost the city’s reputation as an incubator of technological and health innovation, including a focus on access to private equity and venture capital. Michele is passionate about supporting the next generation of women. 

Ron Diamond, Chicago and Family Office TIGER 21 Chair

Ron Diamond is the Founder and Chairman of Diamond Wealth, as well as the Founder, Host, and CEO of Family Office World Media, a leading platform for family offices to collaborate, innovate, and access valuable resources. Ron serves on the Advisory Board and Steering Committee for the University of Chicago Booth School of Business Family Office Initiative and is a member of the Leadership Circle of the Aspen Institute. A dedicated philanthropist and civic leader, Ron is recognized as a thought leader and LinkedIn Top Voice.  

Doug Johnson, Denver and Family Office TIGER 21 Chair

A past investment and trust advisor, Doug Johnson’s experience includes public markets, direct investments, banking, venture, deal sourcing and syndication. During the course of his career, Doug has worked with more than 1,000 individuals and families with a combined net worth of $100 billion. In addition, Doug has served on several boards and commissions primarily focused on education and economic development. 

Disclaimer: These materials should not be interpreted as a recommendation or opinion by TIGER 21 that you should make any purchase or sale or participate in any transaction.  TIGER 21 does not guarantee the accuracy of or endorse the views or opinions given by the authors of these materials.  TIGER 21 will not be liable for any errors or inaccuracies in such materials, or for any actions taken in reliance thereon. TIGER 21 is not a registered investment adviser or broker-dealer and does not provide investment advice or recommendations to buy or sell securities, to hire any investment adviser or to pursue any investment or trading strategy.