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Midwest Chapter Event

"To Reveal or Conceal? The Transparency Myth in Families of Wealth and Family Businesses"

6/19/2014
When: Thursday, June 19, 2014
From 5 PM to 7 PM
Where: Drinker Biddle & Reath LLP
191 N. Wacker Drive
Suite 3700
Chicago, IL  60606
United States
Contact: Midwest Chapter of FFI
617-482-3045 x27


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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 approaches.

 

Beer, wine and hors d'oeuvres will be served


 

 

Featured Speakers:

 

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 speaks frequently. 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 at www.inheritingwisdom.com.                                                                               

 

David 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 Trust Company.  

 

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™.       

 

 

Nadin