To Reveal or Conceal?
The Transparency Myth in Families of Wealth and Family Businesses
Are we rich? This innocent question asked by a grade school child is not
so easy to answer. Who should know the answer? When do we tell them?
What do they need to know?
Many members of the founder generation kept
the answers to these questions sealed until after their death. Often, the
generation that followed opened their books, only to show that they had nothing
to hide. Buried in the decision of whether "To Reveal or Conceal?” is a
serious question with life altering implications for the family and its
enterprises; the answer to which is often somewhere between these two
Beer, wine and hors d'oeuvres will be served
Dr. Jamie Weiner, Co-Founder, Inheriting Wisdom
As co-founder of Inheriting Wisdom, a
specialty-consulting firm focused on the human issues and concerns that impact
high-net-worth families, their businesses and family offices, Dr. James Weiner
excels in easing generational struggles and activating family decision
making. To preserve wealth over many
generations, families must be willing to optimize the good and manage the
adverse effects of wealth and affluence.
This core philosophy is the centerpiece of Jamie’s work with families
and is the foundation of The Inheriting
Wisdom Legacy WheelTM, a proprietary tool that helps his clients
align their defining principles with their tangible goals.
Dr. Weiner’s training and professional experience as a
clinical psychologist lend a unique insight to his understanding of the complex
dynamics existing in families, businesses and not-for-profit organizations. His
expertise with leveraging the human capital that exists in multi-generational,
affluent families extends into the family office and family business space
where a family’s needs and "their business” are often linked and complicated.
Dr. Weiner is also the co-author of The Legacy Conversation, a book designed to encourage families to
have meaningful dialogues about the impact of money and the importance of
intentionality for families of means. He has authored numerous articles and
James holds the Family Business Advising and the Family
Wealth Advising certificates from the Family Firm Institute (FFI). He leads one
of the Chicagoland FFI Study Groups, and serves as chair of the Editorial Board
for the FFI Practitioner, an online publication providing comprehensive news, analysis, trends and research
intelligence affecting the family enterprise provider community.
You can learn more about him
A. Berek, CFP, CPA, JD, LL.M, Handler Thayer, LLP
Mr. Berek is a Partner with
Handler Thayer, LLP. He focuses his practice on Family Office, Wealth Transfer,
Income Tax Planning.
Previously, Mr. Berek worked at
Credit Suisse in their family office and wealth planning group. Prior
experience includes practicing law in trusts and estates with McGuireWoods LLP
and Kirkland & Ellis LLP; tax and trust planning with Arthur Andersen LLP
and Coopers & Lybrand LLP; and estate administration with The Northern
Mr. Berek earned a Bachelor of
Science in Accountancy from DePaul University, a Juris Doctorate, cum laude
(Law Review, Moot Court), and an LL.M. in Employee Benefits, with
honors, from The John Marshall Law School.
Mr. Berek is currently the editor
of the two-volume treatise "Illinois Estate Planning, Will Drafting and
Estate Administration Forms with Practical Commentary” published by
LexisNexis as well as the author of "Federal
Income Taxation of Decedents, Estates and Trusts” published by CCH.
Mr. Berek is involved with DePaul
University as the initial Director of their new Masters of Science in Wealth
Management program offered through the Finance Department and the Masters of
Science in Taxation program.
Mr. Berek is licensed to practice
law in Illinois and Florida and has been awarded an AV® Preeminent™
5.0 out of 5 peer review rating by Martindale-Hubbell for both legal abilities
and ethical standards for the past 10 years.
Mr. Berek is also a Certified Public Accountant (Illinois), and a
Certified Financial Planner™.