Crisis Management in the Wealth Space
Lawyers, Accountants, Wealth Advisers and other advisers – are used to dealing with difficult situations all at the heart of their specialty. But often, the advice the clients need goes past the wealth arena . . . .
How do you help them when you hear situations like this?
My son shows no drive and won’t get up from bed-
My daughter is cutting herself-
My brother just got his second DUI this year and is running the business into the ground-
The trustee of my trust has missed filing taxes and is making mistakes-
What do you do when you are the first point of contact, but out of your expertise?
What happens when the family is in crisis and devastating wealth impacts are in view?
What happens when it’s not in your business model or expertise to deal with this part of the family’s issues? How do you do the right thing by your client and yourself?
On “Wealth Actually with Frazer Rice” we discuss these issues and more.