Suncoast Estate Planning Council & Pinellas County Estate Planning Council are Proud to Present

The Central Role of Family Governance in Today’s Estate Planning

Tom Rogerson

Prior to the onslaught of COVID there was an epidemic in our country of anxiety, loneliness and depression, with wealthy families 2-5 times more likely to experience these presenting issues. Today, wealthy families are experiencing a 40% increase in these conditions. What are the successful wealthy families doing differently not only to combat this staggering statistic but also to combat the other even more daunting statistic of 70% failing at preserving their wealth and family? Tom Rogerson will address these issues in the SEPC webinar, Thursday, November 12th.

Most families fail at preserving wealth and family – 70% fail by end of the second generation, 90% after three generations. Failure is losing the wealth and the family unity! The cause of this phenomenal wealth and family erosion isn’t bad investment management or bad tax planning, rather, it’s the lack of trust and communication around group decision making. Most modern estate planning does not address the critical issues of trust and communication inside the family. In fact, many traditional estate plans increase the likelihood of wealth and family erosion. The key to changing the paradigm of “shirtsleeves to shirtsleeves in three generations” is family education and trust building through an organized and prioritized family meeting process. Family Education is: Life-Long-Learning Together! Families must have family meetings, build trust, choose interdependence, and practice group decision making. Governance practices need to be clear, relevant, followed, and endowed. This webinar will give clear indications of 1) the problem, 2) the causes, 3) the solutions, and 4) what we as advisors and family members can do about it (including how to endow the process).

Reservations are Required.

Zoom login information will be emailed to all registrants 24 hours prior to the event.  

Members: INCLUDED as part of Membership

Guests: $25.00

PROGRAM - NOON TO 1:30 P.M. - 90 MINUTES IN LENGTH

Applied for Continuing Education Credits

MEETING SPONSOR: 

Tom Rogerson Bio

Tom is a recognized leader and pioneer in family governance and legacy planning. He had the privilege of meeting Jay Hughes 25 years ago who inspired him to transform his practice from “Preparing the Money for the Family” to

“Preparing the Family for the Money.” Using his Six Steps to Healthy Family Governance, Tom has worked with over 250 families facilitating transparent communication, entrepreneurial motivation, philanthropic vision, legacy planning, succession development and then endowing the process for the future, all to create a life-long bond to last generationally.

Recently Tom teamed up with his wife, a certified relationship coach, and started GenLeg Co., Inc. Together they provide guidance and education to families and their advisors, helping them transition significant capital, both financial (tangible) and human (intangible), from one generation to the next.

Prior to starting a private practice, Tom was with Wilmington Trust, bringing his family governance and wealth management expertise as both a speaker and motivator to not only families but to Wilmington’s client facing teams, helping them integrate Family Governance into the fabric of the client relationship. Previously, Tom was Managing Director of Family Wealth Services for BNY Mellon, National Director of Estate Tax Planning with State Street Global Advisors, and Director of Financial and Estate Tax Planning with Coopers and Lybrand. He holds a bachelor’s in Economics from Ithaca College.

Tom has spoken for The World Presidents Organization, Harvard University Business School, Tiger 21, The Lincoln Center, Yale University, Dallas Theological Seminary, Vistage, Museum of Modern Art, The Nature Conservancy, New York Botanical Garden, The Dallas Foundation, The New York Community Trust, The Boston Foundation, Heckerling, numerous estate planning councils, as well as many other organizations.