Estate planning is a critical aspect of wealth management, especially for ultra-high-net-worth (UHNW) individuals. However, even the wealthiest among us can fall prey to common pitfalls. As a wealth psychologist, I have seen how these mistakes can lead to unnecessary...
As a wealth psychologist, I often guide families through the sensitive and complex process of wealth transfer, and everything related to a proper wealth transfer plan. Unfortunately, I’ve witnessed parents making several common mistakes in their wealth transfer...
Farrer & Co Trustees Seminar invited Dr Lami to speak and provide her expert insight into the complex psychology of wealth and succession between generations. The talk reflected offshore trustees’ experiences of being trustees in the changing world we live in,...
Wealth transfer to the next generation is more than a financial transaction; it’s a rite of passage, a legacy journey that carries forward the family’s heritage and aspirations. As a wealth psychologist, my approach to this critical transition is nuanced...
Wealth transfer is a momentous event that goes beyond the mere shifting of financial assets from one generation to the next. As a wealth psychologist, my perspective on wealth transfer is deeply rooted in preparation, communication, and emotional intelligence....
In the grand tapestry of human life, wealth—its accumulation, preservation, and most importantly, its transfer—has played a pivotal role in shaping family dynamics, particularly in the realm of family businesses. Generational differences in perceptions and values can...
